Pfleiderer Sees 2010 Loss, Restructuring Continues
Neumarkt, Germany, March 11, 2011 -- Pfleiderer AG will record a full-year net loss of $475.7 million, RTT News reported, citing provisional and unaudited financial statements.
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.
Retail Sales Jump in February
Washington, DC, March 11, 2011 -- U.S. retail sales increased 1.0% in February, the biggest jump in four months and the eighth straight monthly gain, the Commerce Department said.
Conditions Improving for Multi-Family Housing
Washington, DC, March 11, 2011 -- Two quarterly indices produced by the National Association of Home Builders indicate a return to healthy market conditions for both new and existing apartments and condominiums.
Consumer Sentiment Falls To Five-Month Low
Ann Arbor, MI, March 11, 2011 -- Consumer sentiment fell to its lowest level in five months in early March, according to the latest consumer survey from Thomson Reuters and the University of Michigan.
Beaulieu Named Sherwin-Williams Vendor of Year
Dalton, GA, March 11, 2011 -– Beaulieu said it has been named the Vendor of the Year honors in floorcovering by Sherwin-Williams for the second consecutive year.
Total Family Debt Lowest in Six Years
Washington, DC, March 11, 2011 -- U.S. family debt last year was lower than at any point in the previous six years, according to the Federal Reserve.
Armstrong Lowers Interest Expense
Lancaster, PA, March 11, 2011 -- Armstrong World Industries said it has amended its existing senior secured credit facility of November 23, 2010 in order to lower future interest expense.
Goshorn Elected President of Flooring Association
Alexandria, VA, March 11, 2011 -- Andrew Goshorn, installation service manager for Commercial Carpets of America, has been elected president of the Maryland and Northern Virginia Floor Covering Association.
UK Distributor Headlam Reports Higher Profit
London, England, March 11, 2011 -- Floorcovering products distributor Headlam Group reported a higher profit on a slight rise in revenues for 2010.
Business Inventories Up in January
Washington, DC, March 11, 2011 -- U.S. business inventories rose 0.9% in January, the Commerce Department said Friday.