ICSC: Congress May Look at Web Retailers Tax
Washington, DC, April 2, 2007--The days of the Internet as a tax-free venue, may be numbered, according to the International Council of Shopping Centers (ICSC).
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.
Armstrong Reports 4Q Results
Lancaster, PA, April 2, 2007--Armstrong World Industries in the fourth quarter 2006 reported operating income from continuing operations that increased to $16.5 million from a $10.1 million loss in the fourth quarter of 2005.
NAR Sees Short-Term Impact from Subprime Reforms
Washington, DC, April 2, 2007--Current market problems and reforms in the underwriting and pricing of subprime loans, including the tightening of underwriting standards by regulators, will have a short- term impact on housing markets.
Foamex 4Q Earnings Off
Linwood, PA, April 2, 2007--Foamex International in the fourth quarter posted net income of $1.1 million, or $0.03 per diluted share, compared to net income of $18.9 million, or $0.49 per diluted share, in the fourth quarter of 2005.
China’s A&W Woods Buys Baounite
Beijing, China, April 2, 2007--A&W (Shanghai) Woods Co Ltd, China's largest solid wood flooring manufacturer, said it had acquired the laminate floor brand Baounite from Baosteel Group.
Domotex asia ChinaFloor Breaks Records
Shanghai, China, April 2, 2007--DOMOTEX asia/ChinaFloor 2007 wrapped up with 36,000 visitors in attendance, an increase of 12.5% over the 32,000 that attended the Shanghai-based show in 2006.
UK’s Headlam Group Buys 3D Flooring
London, England, April 2, 2007--Floor coverings distributor Headlam Group PLC said it has bought commercial flooring distributor 3D Flooring Supplies Ltd for 1.38 mln stg to further strengthen its position in the UK commercial flooring market.
iFLOOR.com Opens 23rd Store
Seattle, WA, March 30, 2007--Flooring retailer iFLOOR.com opened its 23rd store in Tacoma, WA this week.
Consumer Sentiment Slides in March
New York, March 30, 2007--Consumer sentiment dropped in March to its lowest level in six months, according to the Reuters/University of Michigan Surveys of Consumers.
Construction Spending Up 0.3% in February
Washington, DC, March 30, 2007--Construction spending in February rose by 0.3%, according to a Commerce Department report issued Friday.