Retail Sales Rise in March
Washington, DC, April 13, 2011 -- U.S. retail sales increased 0.4% in March to a seasonally adjusted $396.3 billion, the Commerce Department estimated Wednesday.
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.
Mortgage Applications Down in Latest Week
Washington, DC, April 13, 2011 -- Mortgage application volume fell last week to its lowest level since January as interest rates rose, according to the Mortgage Bankers Association.
London Flooring Group Goes Into Administration
London, England, April 13, 2011 -- A flooring group comprising Tyndale Flooring Group, Becket House Holdings, Tyndale Flooring and Floor It has gone into administration.
Business Inventories Highest in Over Two Years
Washington, DC, April 13, 2011 -- U.S. business inventories increased less than expected in February, the Commerce Department said.
UA Wood Floors Wants Out of China Trade Case
Washington, DC, April 13, 2011 -– The petitioners in the trade investigation of engineered wood flooring from China have requested that the Commerce Department remove UA Wood Floors from the case.
Chain Store Sales Rise Over 2010
New York, NY, April 12, 2011 -- U.S. chain-store sales rose 2.9% year over year last week, according to the International Council of Shopping Centers and Goldman Sachs.
Ford Using Recycled Carpet in Cylinder Covers
Detroit, MI, April 12, 2011 -- A material made from post-consumer recycled nylon is being used in cylinder head covers by Ford Motor Co.
Managing Director Leaves Neuhofer Holz
Zell am Moos, Austria, April 12, 2011 -- Flooring profiles and accessories firm Neuhofer Holz said that Martin Neuhofer, managing director of Neuhofer Holz GmbH, left the family business at the end of March.
Small Business Optimism Declines in March
Washington, DC, April 12, 2011 -- Small business optimism fell to the lowest level in five months during March, according to a survey by the National Federation of Independent Business.
Kas Rugs To Open New Distribution Facility
Somerset, NJ, April 11, 2011 -- Kas Rugs is preparing to open a new 110,000 square foot distribution facility in Calhoun, Ga. in June.