China Devalues the Yuan
Beijing, CN, August 11, 2015—The central bank of China devalued its currency on Tuesday, setting its official guidance rate down nearly 2% to 6.2298 yuan per dollar.
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.
Small Business Confidence Rose in July
Washington, DC, August 11, 2015—U.S. small business confidence rose 1.3 points to 95.4 in July, according to the National Federation of Independent Business.
Wholesale Trade Sales & Inventories Up Slightly in June
Washington, DC, August 11, 2015—June 2015 sales of merchant wholesalers were $449.9 billion, up 0.1% from the revised May level but down 3.8% from the June 2014 level, the U.S. Census Bureau has announced.
U.S. Worker Productivity Rose Moderately in July
Washington, DC, August 11, 2015—Nonfarm business sector labor productivity increased at a 1.3% annual rate during the second quarter of 2015, the U.S. Bureau of Labor Statistics has reported, as output increased 2.8% and hours worked increased 1.5%.
Philadelphia Floor Store Launches Blog Series for Small Business Owners
Conshohocken, PA, August 11, 2015—Philadelphia Floor Store, which lost its headquarters and distribution center to fire in May, recently launched a new blog series with the goal of helping other small business owners be prepared should disaster strike.
Builder Sentiment in Senior Housing Drops Slightly, but Remains Positive
Washington, DC, August 10, 2015—Builder confidence in the single-family 55+ housing market remains in positive territory for the second quarter of 2015 with a reading of 57, according to the National Association of Home Builders' 55+ Housing Market Index.
Greenbuild Celebration Headliner Announced
Washington, DC, August 10, 2015—Indie soul/pop band Fitz and the Tantrums will headline the 2015 Greenbuild Celebration, scheduled for November 19 from 7:00 p.m. to 10:00 p.m. at the Newseum in Washington, D.C.
Surface America Announces Growth Plans in Additional Markets
Williamsville, NY, August 10, 2015—Surface America, a subsidiary of Ecore International, has announced its growth plans within the gymnasium and fitness flooring markets, as well as the resilient tennis court niche segment.
Mohawk's Q2 Earnings Up 21.5% on Flat Sales
Calhoun, GA, Aug. 7, 2015—Mohawk Industries, Inc. has announced 2015 Q2 net earnings of $186 million, or diluted earnings per share of $2.53, compared to net earnings of $153 million, or diluted earnings per share of $2.08 in second quarter 2014.
Housing Markets Continue to Show Gradual Improvement
Washington, DC, August 7, 2015—Markets in 75 metro areas returned to or exceeded their last normal levels of economic and housing activity in the second quarter of 2015, according to the National Association of Home Builders.