Consumer Prices Index Up 0.2%
Washington, DC, July 18, 2007—The consumer prices index rose 0.2% in June, the smallest gain in five months, according to the Labor Department.
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.
Carpet One's “Turns it On” Convention Winds Up
Cincinnati, OH, July 18, 2007-- Carpet One Floor & Home held its annual summer convention this week in Cincinnati at the Duke Energy Convention Center.
RugSale.com Improves Customer Check-Out
Holyoke, MA, July 18, 2007--Online area rugs retailers, RugSale.com, has changed it's check out process reducing the number of steps by more than two thirds.
Rona May Get Takeover Bid from Lowe's
Montreal, Quebec, July 18, 2007--Canadian hardware retailer Rona Inc. could face a takeover bid from Lowe's within the next six months, says an industry watcher.
Pulte Expects Sizable 2Q Loss
Bloomfield, MI, July 18, 2007--Pulte Homes said it expects to report a hefty loss from continuing operations for the second quarter, due to large charges and a worsening consumer environment.
Solutia Investors Want Monsanto Details
New York, NY, July 18, 2007--A group of Solutia Inc. bondholders says the company shouldn't be allowed to proceed with its Chapter 11 reorganization plan until it provides more information about a proposed deal with Monsanto.
U.K.’s United Carpets Year-end Earnings Up 24%
London, England, July 18, 2007--United Carpets Group PLC reported a 23.6 percent increase in its full-year pretax profit, reflecting an increase in individual store profitability.
Formica Names Abraham Linc as Distributor
Barnwell, SC, July 16, 2007--Formica Flooring has added Abraham Linc to its distribution network.
NAFCD Launches New Web Site
Chicago, IL, July 16, 2007--The North American Association of Floor Covering Distributors (NAFCD) has launched a new Web site, www.nafcd.org.
Harris Associates Raises Stake in Carpetright
London, England, July 16, 2007-- Harris Associates LP said it has raised its stake in UK flooring company Carpetright PLC to 9.28 percent, after it purchased 39,115 shares at 11.1050 pounds apiece.