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.
Tokyo, Japan, February 8, 2007--Itochu Corp has acquired Galleher Inc, a California-based flooring distributor for an estimated 4 bln yen, to bolster its North American home building materials business, the Nikkei reported, without citing sources.
Kathmandu, Nepal, February 7, 2007--Nepal Woolen Carpet Exporters Association (NWCEA) has stated that almost 200,000 workers have been rendered jobless following forced closure of carpet industries.
Federal Way, Washington, February 9, 2007--Forest products maker Weyerhaeuser Co. said Friday it swung to a profit in the fourth quarter from a year-ago loss, although lower domestic log prices still weighed on results.
Washington, DC, February 9, 2007--Consumer confidence climbed to a 2 1/2-year high with people feeling even better about job prospects, the current economic climate and investment opportunities.
New York, NY, February 9, 2007--The arrival of cold winter weather and consumers armed with gift cards gave retailers something to cheer about as U.S. chain store sales increased by a strong 3.7 percent for the month, on a year-over-year basis.
Washington, DC, February 9, 2007--The number of newly laid off workers filing for unemployment benefits edged up slightly last week but was at a level that signaled a solid labor market.
Atlanta, GA, February 8, 2007--Invista Interiors said today that Melissa S. Noebes has been appointed marketing communications & brand manager for its commercial and transportation business.
Orlando, FL, February 8, 2007--Government and housing industry economists say the ailing housing market will regain a little of its momentum in 2007, but the recovery will be slow.
Washington, DC, February 8, 2007--Doug Duncan, chief economist and senior vice president of research and business development for the Mortgage Bankers Association (MBA), testified February 7, before the Senate on preditory lending.
Baninbridge Island, WA, February 8, 2007--Teragren, a leading manufacturer of bamboo flooring, panels and veneer, today said that it has secured four new agreements that will expand the company’s distribution network significantly.