Lorberbaum: Full Recovery Could Take Years
Calhoun, GA, Aug. 29, 2011 -- Mohawk CEO Jeffrey Lorberbaum said it could take four or five years for the carpet industry to fully recover from the current downturn.
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.
Pending Home Sales Down in July
Washington, DC, Aug. 29, 2011 -- Pending home sales fell 1.3% in July, the National Association of Realtors reported Monday.
China Flooring Revenues Up in First Half
Beijing, China, Aug. 29, 2011 -- Wood flooring firm China Flooring Holdings Limited recorded revenue of approximately $109 million for the first six months of the year, an increase of 14.5% as compared with 2010.
Small Business Hiring Slows in August
New York, NY, Aug. 29, 2011 -- Employment growth at small businesses slowed in August and employers reduced hours, according to a survey by Intuit, a payrolls processing company.
Faus Signs Georgia Distributor R.A. Siegel
Calhoun, GA, Aug. 29, 2011 -- Laminate maker Faus Group has signed distributor R.A. Siegel of Mableton, Georgia.
California Revises Caprolactam Technical Document
Dalton, GA, Aug. 29, 2011 -- California's Office of Environmental Human Health Assessment recently released the third version of its Technical Support Document on caprolactam, according to Carpet and Rug Institute Vice President Frank Hurd.
CRI Adds Products to Seal of Approval Program
Dalton, GA, Aug. 29, 2011 -- The Carpet and Rug Institute's Seal of Approval testing and certification program for carpet cleaning products and equipment has added multiple products in the solutions and vacuums categories.
Flavin Resigns From Beaulieu
Dalton, GA, Aug. 25, 2011--Citing the need to find a balance between the demands of her career and of her family, Patricia Flavin is leaving Beaulieu and taking a leave of absence from her career.
Bernanke Proposes No New Stimulus Measures
Jackson Hole, WY, Aug. 26, 2011 -- Federal Reserve Chairman Ben Bernanke is proposing no new steps by the Fed to boost the economy but suggested that Congress may need to additional measures.
GDP Up 1% in Second Quarter
Washington, DC, Aug. 26, 2011 -- Gross Domestic Product grew at a 1% rate in the second quarter, the Commerce Department said Friday morning.