Consumer Confidence Declines Again
New York, NY, October 30, 2007--The Conference Board Consumer Confidence Index, which has been declining since August, fell further in October.
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.
Mirage Adds Trinity Hardwood in Texas
Saint-Georges de Beauce, Québec, October 30, 2007--Boa-Franc G.P.said that Trinity Hardwood Distributors will distribute its top-of-the-line Mirage brand of prefinished hardwood flooring in the Texas market.
U.K.’s United Carpet: Prospect Remain Stong
London, England, October 30, 2007--Flooring retailer United Carpets Group said it is continuing to trade in line with expectations and that its longer term prospects remain strong, according to the Birmingham Post & Mail.
Search Engine Click Fraud Up, Says Monitoring Firm
Austin, TX, October 30, 2007--Click fraud, where competitors or crooked publishers click on ads to drive up the advertiser's cost, keeps on rising, contends a company that monitors click fraud.
Chain Store Sales Up Last Week
New York, NY, October 30, 2007--Chain-store sales rose 0.1% for the week ended October 27 compared with the prior week according to a survey released by the International Council of Shopping Centers (ICSC) and UBS Securities.
Dixie 3Q Net Income Falls
Chattanooga, TN, October 30, 2007--The Dixie Group reported third quarter net income of $2.2 million or $0.17 per diluted share, compared with net income of $2.6 million, or $0.20 per diluted share, for the third quarter of 2006.
Midwest Manufacturing Slows
Chicago, IL, October 30, 2007--The Chicago Fed Midwest Manufacturing Index slipped 0.1% in September.
Texas Manufacturing Continues to Decelerate
Dallas, TX, October 30, 2007--Texas manufacturing continues to show signs of softness, according to the 122 business executives who responded to the Texas Manufacturing Outlook Survey in October.
Wellman Posts 3Q Loss, Seeks Alternatives
Fort Mill, SC, October 30, 2007--Wellman reported a narrower quarterly loss on Monday, but said its board of directors was evaluating strategic options for the company.
Economists: Housing Turnaround to Begin In 2008
Washington, DC, October 26, 2007--Economists participating in the NAHB Fall Construction Forecast Conference on Oct. 24 said they expect the industry to bottom out and to start turning around in 2008.