Victoria Carpet Reports Rising Profits
London, England, June 18, 2008--Carpet maker Victoria said annual pre-tax profit rose 27 percent following a strong performance at its Australian operations.
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.
China's Wood Floor Production Up 9.4% in 2007
Yokohama, Japan, June 18, 2008--China's outputs of wood flooring was 361 million square meters in 2007, up 9.4 percent from 2006, the International Tropical Timer Organization reported.
Las Vegas Market To Address Color Trends
Las Vegas, NV, June 18, 2008--Seminars on the season’s hottest colors, home furnishing and design trends plus home lighting looks will take place at the Summer 2008 Las Vegas Market July 28 through Aug. 1.
Chain Store Sales Up Modestly
Washington, DC, June 18, 2008--Chain-store sales for the week ended June 14 rose 2.1 percent from the year-ago period, according to a survey released Tuesday by the International Council of Shopping Centers and UBS Securities.
Producer Prices Surged in May
Washington, DC, June 17, 2008--Led by higher energy and food costs, U.S. producer prices rose in May at their fastest pace in six months, according to the Commerce Department.
Housing Starts Hit 17-Year Low in May
Washington, DC, June 17, 2008--U.S. housing starts slid 3.3 percent in May to their lowest level in more than 17 years.
Omnova Solutions Reports Smaller Loss
Fairlawn, OH, June 17, 2008--Omnova Solutions Inc. reported a net loss of $3.1 million, or $0.07 per diluted share, for the second quarter ended May 31, compared to a net loss of $9.8 million, or $0.23 per diluted share, a year ago.
GranitiFiandre Opening Resource Centers in U.S.
Chicago, IL, June 17, 2008--Italian stone and tile manufacturer GranitiFiandre said it is opening eight GranitiFiandre Resource Centers throughout the U.S.
New York Fed Index Falls More Than Expected
New York, NY, June 16, 2008--The New York Fed's "Empire State" general business conditions index fell to minus 8.68 from minus 3.23 in May.
Builder Confidence Continues To Erode
Washington, DC, June 16, 2008 - Builder confidence in the market for newly built single-family homes edged down in June.