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.
Washington, DC, Jan. 10--Rates on 30 year mortgages edged up this week after dropping to a new low last week. But rates are still sufficiently low to be attractive to house hunters thinking about buying a home and people mulling refinancing the home that
Boca Raton, FL, Jan. 9--Q.E.P. Co., a manufacturer, marketer and distributor of a broad line of specialty tools and flooring related products, had net sales its fiscal 2003 third quarter ended November 30 grew 21% versus the comparable prior year period,
St. Louis, MO, Jan. 9--Solutia expects fourth quarter earnings to be down approximately $.20 per share, including a net charge of approximately $.04 per share related to Solutia's interest in the Flexsys rubber chemicals joint venture.
Washington, DC, Jan. 10--Employee confidence declined in December to 66 as employees expressed decreasing confidence in the U.S. job market.
Anaheim, CA, Jan. 8—The late Shirley J. Lorberbaum has been voted into the World Floor Covering Association Industry Hall of Fame. The induction ceremony will be held on January 30 at Surfaces in Las Vegas.
Aachen, Germany, Jan. 7--The board and shareholders Of Carpet Recycling Europe have decided to close the company and cease operations.
Manchester, NH , Jan. 3--Following a unanimous decision endorsed by members of CarpetMax Canada, the floorcovering association has officially changed its name to Flooring Canada.
New York, Jan. 6-- J.C. Penney expects to meet its January sales goals at stores open a least a year. The firm had expected flat to slightly increased sales.
Portland, OR, Dec. 30--Columbia Forest Products plans to purchase the Nipigon Multiply hardwood plywood underlayment operation in Ontario, Canada from Weyerhaeuser Company Limited.
New York, NY, Dec. 31--Consumer confidence declined in December, largely because of the discouraging employment outlook, according to the Consumer Confidence Board.