Consumers Still Cautious on Discretionary Spending
New York, NY, February 7, 2008--The decrease in consumer spending at the end of last year has apparently continued into 2008, according to Discover Financial Services.
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 Fall on Inventory Reports
Bangkok, Thailand, February 7, 2008--Oil prices fell Thursday in Asia to under $87 per barrel after the U.S. government reported large jumps in stockpiles of crude, gasoline and heating oil.
Costco Same Store Sales Rise in Month
Issaquah, WA, February 7, 2008-- Costco said same-store sales rose 7 percent in January, led by its overseas operation.
UK's Flowcrete May Be in Sale Talks
Sandbach, England, February 7, 2008--Specialty flooring firm Flowcrete may be for sale, according to published reports.
Carpetright Founder Says Son Will Take His Place
Lord Harris of Peckham, founder of Carpetright, plans to step down as chief executive in a year and install his son at the helm of the flooring retailer.
Martin Continues Buying Binge in New Zealand
Auckland, New Zealand, February 6, 2008-- Auckland businessman Rodney Martin is rapidly changing the shape of the New Zealand retail flooring industry.
New Tile Can Help You Stick to Diet
Castellon, Spain, February 7, 2008--Tau Ceramica has invented Diet Floor, a "smart" talking ceramic floor that will talk to you whenever you spend too much time on top of it at the wrong times.
Toll Brothers Sees Revenues, Orders Slide
Horsham, PA, February 6, 2008--Luxury home builder Toll Brothers Inc. said revenues for its first quarter fell 22 percent compared to a year ago.
Aquafil Buys Italian Yarn Manufacturer
Arco di Trento, Italy, February 6, 2008--Aquafil SpA has acquired Borgolon SpA.
Mortgage Applications Rise on Purchase Activity
Washington, DC, February 6, 2008-- Mortgage application volume increased 3 percent during the week ending Feb. 1 as consumers signed more purchase applications, according to the Mortgage Bankers Association.