Retail Sales Remain Sluggish in July
New York, NY, Aug. 6, 2009--Retailers reported sluggish sales in July, with sales declining mostly across the board even as they've been able to raise profit forecasts on costs and inventory controls.
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.
Supply of Homes For Sale Falls in July
Emeryville, CA, Aug. 6, 2009--The supply of homes listed for sale fell again in many U.S. cities last month as bargain hunters continued to search for foreclosed properties.
Analysts Raising Third Quarter GDP Estimates
New York, NY, Aug. 5, 2009--A better than expected GDP reading in the second quarter is prompting some economists and analysts to revise their estimates for third quarter GDP higher.
Lumber Liquidators Earnings Rise, Ups Estimates
Toano, VA, Aug. 5--Lumber Liquidators said second quarter net income increased 18.1% to $6.9 million, or $0.25 per share compared to $5.9 million, or $0.22 per share, a year ago.
Phased Remodeling a Growing Trend
Des Plaines, IL, Aug. 5, 2009--Residential remodels are no longer those once-in-a-lifetime projects, according to the National Association of the Remodeling Industry.
Construction Projects Waiting for Stimulus Funds
Washington, DC, Aug. 5, 2009--Infrastructure projects that could benefit from stimulus spending are moving slowly and many won't get started this summer.
Private Sector Job Losses Declining
Roseland, NJ, Aug. 5, 2009--Private-sector employment in the U.S. fell by an estimated 371,000 jobs in the July ADP employment index, the smallest decline since October.
Mortgage Applications Up as Rates Fall
Washington, DC, Aug. 5, 2009--Mortgage applications filed last week rose a seasonally adjusted 4.4%, compared with the week before, as rates on fixed-rate mortgages dropped, the Mortgage Bankers Association said on Wednesday.
Topps Tiles Revenues Decline 10 Percent
London, England, Aug. 5, 2009--Topps Tiles Plc's interim management statement for the 18 weeks ended Aug. 1 revealed that overall revenue was down 9.9%, with same-store sales down 10.9%, compared with an 8% drop in 2008.
Nora Launches Website To Support New Brand
Lawrence, MA, July 27, 2009--Rubber flooring firm Nora systems Inc. has launched a new website, nora.com/us., designed to support the "All About Flooring, All About You" brand introduced earlier this year.