Alabama Retailer Focuses on Service
Madison, AL, February 23--Kim Hammonds, owner of Flooring Designs of Madison, said customer service is what sets her business apart from other flooring businesses, including large warehouse stores.
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.
Consumer Prices Up 0.1%
Washington, DC, February 23—-The consumer price index rose 0.1% in January, after holding steady in December, according to the Labor Department.
Toll Brothers 1Q Earnings Up 120%
Horsham, PA, February 23—-Luxury homebuilder Toll Brothers reported quarterly earnings that were up 120 percent, boosted by continued demand for high-end homes.
New Zealand’s Feltex Earnings Up, Revenue Off
Wellington, New Zealand, February 23--Carpet maker Feltex Carpets Ltd. reported a 7.1% rise in net profit for the first half of its fiscal year despite a fall in revenue, and said the lift came as it shifted its product mix toward higher margin carpets.
Floor and Decor Opening in Phoenix a Record Breake
Atlanta, GA, February 23--Floor and Decor Outlets of America opened its first Phoenix location last month, to what the company called record-breaking sales.
Update on Events At Forbo
Eglisau, Switzerland, February 23--The purchase of a 25% stake in Swiss flooring group Forbo by a former executive appears to be part of a mutiny that will likely scuttle takeover talks sparked by private equity interest, according to The Deal.com.
Chinese Timber Group Denies Smuggling Allegations
Beijing, China, February, 22--A Chinese timber distribution official on Tuesday rejected a report by overseas environmental groups that claims to expose the rampant smuggling of illegally-logged hardwood from Indonesia to China, according to Kyodo News.
FiberFloor Wins Woman's Day First HR Awards
Whitehall, PA, February 22--Tarkett Residential was named Best New Flooring by Woman’s Day Special Interest Publications’ Woman’s Day Home Remodeling & Makeovers in their first annual "Best New Product Awards."
Indonesian Police Arrest Illegal Loggers
Jakarta, Indonesia, February 22—-Police from the province of Papua have captured three suspects along with a barge full of smuggled timber in the Naramasa waters near Manokwari, according to the Jakarta Post.
Stoddard Closes its Doors
Kilmarnock, Scotland, February 22--Production at a historic Scottish carpet maker is to end after receivers conceded defeat yesterday in their attempts to find a buyer, according to the Guardian.