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.

Wools of New Zealand's Ramsden Gets Creative Award

Marble Hill, GA, Nov. 15, 2008—Joanna Ramsden, creative manager at Wools of New Zealand’s International Development Center in Ikley, West Yorkshire, U.K., has been honored with a top industry ‘Skills Hero’ award.

Target Earnings Fall 24% in Quarter

Minneapolis, MN, Nov. 18, 2008--Target Corp. reported a nearly 24% decline in third-quarter net income Monday as the weak economy continues to weigh on consumer spending.

Commercial Loan Originations 53% Lower Than 2007

Washington, DC, Nov. 17, 2008--Commercial and multifamily mortgage loan originations remained low in the third quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

Export Tax Hurting Vietnamese Wood Floor Companies

Hanoi, Vietnam, Nov. 17, 2008--Wood processing companies are protesting the 10 percent export tax levied on flooring products made of imported wood, saying it is causing losses and forcing suspension of production.