Blair Named Mohawk Global Hospitality Leader
Marietta, GA, July 25, 2011 -– Lee Blair has been named Mohawk's global leader of hospitality.
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.
Homeownership Rate Could Reach Historic Low
New York, NY, July 25, 2011 -- The U.S. homeownership rate could fall below historic lows depending on how the foreclosure issue progresses, according to a report by Morgan Stanley.
Remodeling Indicator Sees Weakness Ahead
Cambridge, MA, July 22, 2011 -- After showing signs of recovery, spending on home improvements is expected to remain volatile and weak over the next several quarters, according to the Leading Indicator of Remodeling Activity.
Pfleiderer Restructuring Continues With Vote
Neumarkt, Germany, July 22, 2011 -- Pfleiderer AG shareholders approved a capital cut and a subsequent capital increase of up to $144 million.
Lumber Liquidators May Have Lost Marketshare
New York, NY, July 22, 2011 -- Lumber Liquidators recently guided sales and earnings lower, which caused the stock to tumble. Recent problems may be due, in part, to a loss of marketshare.
Godfrey Hirst Moves Into Georgia Complex
Adairsville, GA, July 22, 2011 -- Australian carpet firm Godfrey Hirst USA said it has moved into a 100,000-square-foot warehouse and office complex in Adairsville.
Chas Sydney Retires from AmericasMart
Atlanta, GA, July 22, 2011 -- Chas Sydney, who has led the AmericasMart Atlanta area rug franchise and its predecessors for more than three decades, has retired.
Coverings Announces Future Show Venues
Alexandria, VA, July 22, 2011 -- Coverings is returning to Orlando next year April 17-20.
Europe Proposes Tariffs on Chinese Tile
Brussels, Belgium, July 21, 2011 -- Imported Chinese ceramic tiles will be subject to import duties at European borders until 2016, under plans created by the European Union's Executive Commission, Reuters reported.
Leading Economic Indicators Rise in June
New York, NY, July 21, 2011 -- The Conference Board's index of leading economic indicators rose 0.3% in June.