Retail Sales Higher Than Expected in May
Washington, DC, June 12, 2008--Retail sales rose 1.0 percent in May as Americans spent more on gasoline and goods, a government report showed Thursday.
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.
Beige Book Report Paints Weak Economy
Washington, DC, June 12, 2008--The Federal Reserve said that U.S. businesses have had only "mixed results" trying to raise selling prices with the economy still weak.
Small Business Confidence at 28-Year Low
Washington, DC, June 11, 2008--The National Federation of Independent Business's index of small business optimism fell 2.2 points in May to 89.3, the lowest reading since 1980.
Initial Jobless Claims Rise by 25,0000
Washington, DC, June 12, 2008--Initial jobless claims for state unemployment benefits surged higher by 25,000 last week.
Universal Fibers Develops New Reclamation Process
Bristol, VA, June 12, 2008--Universal Fibers said it has developed state of the art technology that can produce the first ever nylon 6,6 fiber from recycled carpeting.
Private Equity Firm Buys Insurance Testing Lab
Jacksonville, FL, June 9 --Private equity firm The Riverside Company has purchased ITEL Laboratories, the independent testing laboratory serving the property insurance industry.
Intertech Flooring Names New Safety Director
Austin, TX, June 12, 2008-- Intertech Flooring said it has named Stacy Mueller director of training and safety.
Floor & Decor Names Senior VP, Promotes Three
Kennesaw, GA, June 10, 2008--Floor & Decor Outlets of America said that Wes Lowzinski has been named senior vice president / chief merchandise officer.
Typical Home Size Declining, More Accessible
Washington, D.C., June 11, 2008 — The size of the typical U.S. home is declining, according to the American Institute of Architects Home Design Trends Survey.
Gerflor Introduces New Vinyl Installation Method
Chicago, IL, June 12, 2008-–Gerflor unveiled a new floor installation system that changes the way vinyl flooring is installed and maintained.