Lowe's Warns at Lower End of Prior Guidance
Charlotte, NC, September 24, 2007--Lowe's said that current sales are trending below its prior expectations.
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.
Existing Home Sales Off 4.3% in August
Washington, DC, September 25, 2007-- Existing-home sales fell 4.3% in August to a seasonally adjusted annual rate of 5.50 million units, according to the National Association of Realtors
Lennar Reports 3Q Loss
Miami, FL, September 25, 2007—Homebuilder Lennar posted a quarterly loss, weighed down by charges and write-offs in a deteriorating housing market, and said it will cut more jobs in the fourth quarter.
Chain Store Sales Off 1% Last Week
New York, NY, September 25, 2007--Chain-store sales fell 1% for the week ended September 22 compared to the prior week, according to the International Council of Shopping Centers and UBS Securities.
Home Prices Drop in Past 12-Months
New York, NY, September 25, 2007 – Data through July released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the shows a continuation of negative annual returns in the 10-City Composite.
Armstrong Offering Linoleum with NATURCote
Lancaster, PA, September 25, 2007--Armstrong Commercial Floor Products is offering its Linoleum collection with NATURCote.
Karastan Launches 5 Broadloom Styles
Dalton, GA, September 25, 2007—Karastan has five new broadlooms for fall.
Las Vegas Market Releases Study
Las Vegas, NV, September 25, 2007--World Market Center Las Vegas announced the results of study conducted with home furnishings industry’s retailers and manufacturers.
iFloor Advises How to Avoid Eco-Myths
Tukwila, WA, September 25, 2007--iFloor is advising environmentally conscious remodelers to do their homework when it comes to flooring choices: not all flooring products are created equally.
Roppe and Flexco to Distribute Tuflex Rubber
Fostoria, OH, September 23, 2007--Tuflex will join forces with Roppe Corporation and Flexco, to provide quality flooring products to the commercial flooring industry.