Investment Firm Staying Away from Specialty Retail
New York, NY, April 15, 2008--According to investment analysis firm Seeking Alpha, specialty retailers are likely to be in for a rough year.
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.
Oil Prices Hit Record High as Dollar Falls
Vienna, Austria, April 15, 2008--Oil prices rose to an intraday trading record above $112 a barrel Tuesday after the U.S. dollar fell and crude supplies were disrupted.
Regupol Expanding Production in Pennsylvania
Lebanon, PA, April 15, 2008-- Regupol America could begin making cushioned flooring, gym mats and other products out of recycled tires in the Lebanon Valley Business Park by the end of this year.
Consumers Say They'll Spend More for Green
Wilmington, DE, April 14, 2008-- A new survey co-sponsored by Mohawk Industries shows that nearly seven out of 10 U.S. consumers are willing to pay more for products made with renewable resources.
Gas Sales Push Retail Sales Higher in March
Washington, DC, April 14, 2008--Retail sales improved slightly in March, which will likely fuel the debate as to whether the economy is in recession, according to the Commerce Department.
Potential Home Buyers Growing Reluctant
Washington, DC, April 14, 2008—More potential home buyers are staying out of the market, according to a poll by the Associated Press and AOL Money and Finance.
Consumer Confidence Hits New Low, Again
Washington, DC, April 11, 2008--Confidence in the economy fell to a new low for the early part of April.
Pessimism Grows Among Small Company CEOs
Chicago, IL, April 12, 2008 -- A poll of private-company CEOs conducted by the Entrex Private Company Index (PCI) reveals that gloominess is at a high, partly because they believe financial resources will be tighter this year.
WFCA Leads Lifting of Tariff on Imported Bamboo
Anaheim, CA, April 11, 2008 –The World Floor Covering Association has led the way to a repeal of a costly tariff on imported horizontal bamboo flooring. Steps are also underway to reinstate duty-free treatment on vertical bamboo flooring.
Cikel Begins Quick Ship Program for Exotics
Miami, FL, April 14, 2008--Cikel America LLC, the North American subsidiary of one the world's largest vertically integrated forest products manufacturers, is offering a quick ship program for its exotic wood flooring products.