Chain Store Sales Rise, Fundamentals Solid
New York, NY, Feb. 8, 2011 -- U.S. chain store sales last week rose 2.5% compared with one year ago, according to the International Council of Shopping Centers and Goldman Sachs.
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.
Tuftex, Anderson Combine in New Display Program
Dalton, GA, Feb. 8, 2011 -- Shaw divisions Tuftex Carpets and Anderson Hardwood are collaborating to bring Shaw Design Center retailers an exclusive new display program called Color Coordinates.
Small Business Confidence at Three Year High
Washington, DC, Feb. 8, 2011 -- Small business confidence in the U.S. rose in January to the highest level in three years, according to the National Federation of Independent Business.
Valinge Replaces CFO After Termination
Viken, Sweden, Feb. 8, 2011 -- Valinge named Alf Christensson chief financial officer after the firm fired former CFO Bobby Markovski for unidentified "disloyal behavior," according to a website press release.
More People Paying Cash for Homes
New York, NY, Feb. 8, 2011 -- All-cash deals are increasing in residential real estate transactions, according to the Wall Street Journal.
AP Says Economic Stress Up in December
New York, NY, Feb. 8, 2011 -- Economic stress rose in December because higher foreclosures outweighed lower unemployment, The Associated Press said in its monthly analysis.
Homebuilder Beazer Swings to Loss in Quarter
Atlanta, GA, Feb. 8, 2011 -- Beazer Homes USA reported a loss of $48.8 million, or $0.66 per share, for the three months ended Dec. 31, compared to income of $48 million, or $1.17 per share, a year ago.
Pfleiderer Names Board Member, Interim Chair
Neumarkt, Germany, Feb. 7, 2011 -- Pfleiderer AG has named Herbert Noichl as an interim member of the supervisory board.
Firms Group To Fight Wood Dumping Charge
Corpus Christi, TX, Feb. 7, 2011 -- Some American flooring distributors, retailers and importers have formed an advocacy group to fight a petition filed by The Coalition for American Hardwood Parity.
RAK Ceramics Reports Higher Income
Dubai, UAE, Feb. 7, 2011 -- Ras Al Khaimah Ceramics, or Rak Ceramics, the world's largest tile producer, said that full-year 2010 net profit rose 3.2%, mainly on reduced cost of sales and lower indirect expenses.