CRI Approves One Solution, Two Vacuums
Dalton, GA, Aug. 9, 2010--One new solution and two new vacuums have won the Seal of Approval from the Carpet and Rug Institute
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.
Analyst Maintains 'Buy' Rating on Armstrong
Baltimore, MD, Aug. 9, 2010--Analyst Stifel Nicolaus is maintaining its "buy" rating on Armstrong World Industries, citing "solid execution in a choppy market."
Construction Employment Lowest in Over 14 Years
Washington, DC, Aug. 9, 2010--The construction industry is at its lowest level of employment in more than 14 years, according to data from the Department of Labor.
Britain's United Carpets Sees Slower Sales
London, England, Aug. 9, 2010--United Carpets, Britain's second largest carpet and flooring retailer, improved profits during the year to March, but said that sales have been slow since the start of the year.
Mohawk Reports Higher Earnings on Unilin Strength
Calhoun, GA, Aug. 5, 2010--Mohawk Industries reported second quarter net earnings of $68 million and earnings per share of $0.99.
Armstrong Records Higher Sales, Lower Net Profit
Lancaster, PA, Aug. 6, 2010--Armstrong World Industries reported second quarter net income was $26.8 million, or $0.46 per share, on net sales of $724.8 million, up 3%, from $705.7 million a year ago.
Job Growth Continues in July
Washington, DC, Aug. 6, 2010--Job growth continued at a slow pace in July, the Labor Department said Friday.
Carpet Increasingly Preferred in Commercial Market
Dalton, GA, Aug. 6, 2010--A recently completed survey for the Carpet and Rug Institute shows that carpet, especially carpet tile, continues to make inroads into the commercial market.
Retailers Say July Sales Were Sluggish
New York, NY, Aug. 6, 2010--Retailers reported Thursday that sales at stores open at least a year were weaker than expected in July, increasing 2.9% from July of last year, according to a tally by Thomson Reuters.
Beazer Homes Reports Smaller Quarterly Loss
Atlanta, GA, Aug. 5, 2010--Beazer Homes USA reported a smaller quarterly loss as sales closings rose in advance of the expiration of the federal homebuyer tax credit.