The Rug Company Names CEO Post Acquisition
London, England, Nov. 20, 2015 -- The Rug Company has named James Seuss as CEO, effective Dec. 14.
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.
Mortgage Rates Move Slightly Lower
Washington, DC, November 20, 2015 -- Average mortgage rates ticked lower this week after two straight weeks of sharp increases, according to Freddie Mac.
Jobless Claims Dip Last Week
Washington, DC, November 20, 2015 -- Initial claims for unemployment benefits fell by 5,000 to 271,000 last week, according to the Labor Department.
Philly Manufacturing Turns Positive in November
Philadelphia, PA, November 20, 2015 -- The Philadelphia Fed manufacturing index returned to positive territory in November, rising to 1.9 after being negative for two straight months.
CRI to Fund Voluntary Product Stewardship for Second Year
Dalton, GA, November 18, 2015—The Carpet and Rug Institute held its annual meeting yesterday, where it announced that it would dedicate half of its annual budget to fund the Voluntary Product Stewardship initiative for a second year.
Shaw VP Chester Chaffin Honored with Smrekar Memorial Award
Dalton, GA, November 19, 2015—Chester Chaffin, Shaw’s vice president of enterprise excellence, was awarded the Joseph J. Smrekar Memorial Award at the Carpet & Rug Institute’s annual meeting.
Milliken Ups Recycled Content in Modular Carpet Products
Spartanburg, SC, November 19, 2015—Milliken has announced the integration of an average of 8% to 10% additional recycled content in all standard modular carpets in the Americas.
Bob Thomas Honored Posthumously with NAFCD Award
Orlando, FL, November 19, 2015—At the 2015 NAFCD convention, the late Bob Thomas, owner and founder of T&L Distributing LLP, was awarded the 2015 Lifetime Achievement Award.
Julius Shaw Will Retire from Shaw Industries, Bob Hardaway Stepping In
Dalton, GA, November 19, 2015—Julius Shaw will retire from Shaw Industries at the end of 2015, following 40 years of service with the company.
AIA Billings Index Falls Slightly on October but Services Still Expanding
Washington, DC, November 19, 2015—The American Institute of Architects (AIA) reported the October ABI score was 53.1, down slightly from the mark of 53.7 in the previous month. This score still reflects an increase in design services.