U.K. Flooring Retail Giant Reportedly for Sale
London, England, Dec. 24, 2008--Allied Carpets is to be sold by its French owner, according to the Financial Times.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Consumers Pessimistic, But Sentiment Improves
Ann Arbor, MI, Dec. 23, 2008--The Reuters/University of Michigan survey of consumers rose to 60.1, better than a preliminary reading of 59.1 released earlier this month and topping the 58.5 reading forecast by economists.
New Home Sales Fall to 17-Year Low
Washington, DC, Dec. 23, 2008-- U.S. new home sales fell to their lowest level in over 17 years in November, the Commerce Department estimated Tuesday.
Original 3Q GDP Estimate Unrevised
Washington, DC, Dec. 23, 2008--The economy slowed substantially in the third quarter, declining at a 0.5% annual rate, unrevised from last month's estimate, the Commerce Department reported Tuesday.
Oil Falls Below $40 on Weak Demand Fears
New York, NY, Dec. 22, 2008--Oil prices dipped below $40 a barrel Tuesday on concerns that energy demand is evaporating in the face of a severe global economic slowdown.
Pfleiderer Management To Buy More Company Stock
Neumarkt, Germany, Dec. 23, 2008--Pfleiderer AG managers will significantly increase the number of shares they personally hold in the company, the company said.
Chain Store Sales Down from Last Year
New York, NY, Dec. 23, 2008--Chain store retail sales fell 0.6 percent compared with last year for the week ending Dec. 20, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs.
Tuftex, Disney, Team on New Carpet Line
Dalton, GA, Dec. 22, 2008--The Tuftex of California division of Shaw Floors and Disney Consumer Products are launching a new collection of wall-to-wall carpet based on some of Disney's classic stories.
NALFA Opening Membership to Retailers
Washington, DC, Dec. 22, 2008--Flooring retailers who carry laminate produced by members of the North American Laminate Floor Association will be able to join the organization next year.
Tile Contractors Manual Available on CD
Jackson, MS, Dec. 22, 2008--The National Tile Contractors Association has made the latest version of the NTCA Reference Manual available on CD-ROM.