February Retail Sales Up Over 2010
New York, NY, March 4, 2011 -- U.S. chain-store sales rose 4.2% year over year in February, according to the International Council of Shopping Centers.
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.
British Tile Retailer Looking To Expand
London, England, March 4, 2011 -- Tile Depot is reportedly looking to open 15 stores across London and the South East.
Jobless Applications Lowest Since May 2008
Washington, DC, March 3, 2011 -- Initial jobless applications last week plunged to a nearly three-year low, which may signal a future increase in hiring, according to the Labor Department.
Forbo Increasing Prices as Costs Rise
Hazleton, PA, March 3, 2011 – Forbo Flooring Systems said it will increase prices 4-6% on its linoleum, vinyl, flocked, coral, wall base, welding rod and adhesive products, effective April 1.
Fed Report Shows Continuing Economic Growth
Washington, DC, March 4, 2011 -- The U.S. economy expanded in January and early February in all parts of the country, according to the Federal Reserve's "Beige Book" report.
Canadian Hardwood Manufacturer Closes
Renfrew, Ontario, Canada, March 4, 2011 -- Kultur Hardwood Flooring has closed its manufacturing operations (Estate Hardwood Floors).
Productivity Surges Again in Fourth Quarter
Washington, DC, March 3, 2011 -- Productivity grew in the fourth quarter grew at the fastest pace in nine months, according to the Labor Department.
Online Job Openings Increase 4%
New York, NY, March 3, 2011 -- Monster's monthly gauge of online labor demand in the United States rose 4% in February compared with the same month a year ago.
Mortgage Rates Fall Again
Washington, DC, March 3, 2011 -- The average rate for a 30-year fixed mortgage dropped this week, Freddie Mac said.
Peru Admits to Illegal Mahogany Harvesting
Lima, Peru, March 3, 2011 -- Peru’s government has admitted that 70-90% of its mahogany exports were illegally harvested, according to a story by London-based Survival International.