Consumer Spending in February Flat
Washington, DC, March 28, 2008—Consumer spending in February was the worst in 17 months as the credit crisis, high energy costs and other increasing expenses forced consumers to cut back.
Today's Flooring News
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Vacation Home Sales Plummeted in 2007
Washington, DC, March 28, 2008--Sales of vacation homes declined last year, the National Association of Realtors said Friday.
Consumer Sentiment Continues To Fall
Ann Arbor, MI, March 28, 2008--The U.S. consumer sentiment index fell to 69.5 in March from 70.8 February, according to a Friday report from University of Michigan/Reuters.
Personal Income Rises More Than Expected
Washington, DC, March 28, 2008— The Commerce Department said personal income increased more than expected in February.
J.C. Penney Says Earnings Won't Hit Expectations
Plano, TX, March 28, 2008-- J.C. Penney said its first-quarter earnings will be well below its previous forecast because of declining consumer demand.
Lennar Swings to Loss in First Quarter
Miami, FL, March 27, 2008--Homebuilder Lennar said net income was down in the first quarter as sales of new homes fell and selling prices declined.
Colonial Mills Launches New Website
Pawtucket, RI, March 27, 2008--Colonial Mills a manufacturer of a line of braided-texture area rugs and accessories, has launched a new website at www.colonialmills.com to mark its 30th anniversary.
Mannington Installation Training Offers Classes
Salem, NJ, March 28 2008--Mannington’s Installation Training Center will offer classes on installing its resilient, laminate and hardwood products this year.
Initial Jobless Claims Show Continuing Weakness
Washington, DC, March 27, 2008—Initial jobless claims fell 9,000 to 366,000 for the week ended March 22, the Labor Department reported.
Wear Dated Unveils Field Guide to Color
Kennesaw, GA, March 27, 2008—Wear Dated carpet fiber has launched its 2008 color folio called A Field Guide to Color.