Oriental Weavers Adjusts To Slower Exports
Cairo, Egypt, March 20, 2009--Oriental Weavers fared relatively well over an 18-month period as the U.S. housing crisis spread and oil prices soared.
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.
UK's Floors-2-Go Scales Back Expansion Plans
Birmingham, England, March 20, 2009--UK flooring retailer Floors-2-Go has scaled back its expansion plans as it takes a cautious approach to store openings amid the downturn.
Retail Forward Predicts Flat Retail Sales
Columbus, OH, March 19, 2009—In the wake of the worst holiday in at least 40 years, market research firm Retail Forward forecasts continued flat sales or contraction through most of 2009.
Lowe's Says February Sales Were as Expected
Mooresville, NC, March 19, 2009--Lowe's Companies said that sales for February were in line with the company's guidance for the quarter.
Fed Actions Could Lower Mortgage Rates
Washington, DC, March 19, 2009--U.S. mortgage rates could fall to the lowest in more than 60 years after the Federal Reserve said it will buy up to $300 billion of Treasuries and increase purchases of mortgage-backed bonds.
Aquafil To Manufacture Superior Technologies Yarn
Cartersville, GA, March 18, 2009 - Aquafil USA, Inc. has entered into an agreement with Monticello International to manufacture all nylon yarns previously produced under the brand Superior Yarn Technology.
Mannington Names Finalists in Design Challenge
Salem, NJ, March 19, 2009-–Mannington Commercial has named six finalists in its Tx:style Design Challenge.
Initial Jobless Claims Fall More Than Expected
Washington, DC, March 19, 2009--Initial jobless claims fell more than expected last week, the Labor Department said.
Invista Seeks Entries for Antron Innovation Award
Atlanta, GA, March 18, 2009-- Invista is seeking entries for the 9th Antron Carpet Fiber Product Innovation Award. The deadline is May 15.
Leading Economic Indicators Higher Than Expected
Washington, DC, March 19, 2009--The index of leading economic indicators fell 0.4% in February, following a downwardly revised gain of 0.1% in January.