High Gas Prices Stifle Spending
New York, NY, July 19, 2006--Due to rising gasoline prices, 53 percent of U.S. households now are reducing their discretionary spending.
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.
TechCana Gets Bridge Financing
St. Felicien, Quebec, July 18, 2006--TechCana announced that it has been granted bridge financing for a total amount of $1,000,000 for its working capital needs until the closing of the transaction pertaining to the acquisition of certain assets from Domt
H. Hendy Gets Two Shaw Contract Awards
New Port Beach, CA, July 18, 2006--Architectural firm H. Hendy Associates, announced it has secured two of the eight nominations by Shaw Contract Group for its prestigious Shaw Contract Group Design.
Factory Output and Capacity Use Up in June
Washington, D.C. July 17, 2006--U.S. factory output, along with output in utilities and mines rose 0.8% in June, as capacity use also rose, possibly stirring inflation fears.
Carpetright, Dealing with a Downturn and Competiti
Birmingham, England, July 13, 2006--Already hit by a housing downturn, Carpetright is suffering from rivals competing on style and price.
QuickStep Launches “Soft-Scraped” Laminates
Dallas, Texas, July 11, 2006--QuickStep is heating things up this summer with newly launched laminate flooring designs in its popular Country, Eligna, and Perspective 4 lines.
Chain Store Sales Inch Up Last Week
New York, NY, July 11, 2006--Weekly chain store sales posted their first increase in four weeks on a slight uptick of 0.2 percent, an industry group said Tuesday.
New York Man Admits Fraud in Internet Flooring Sal
Albany, NY, July 10, 2006--A 51-year-old Rensselaer man has pleaded guilty in federal court to mail fraud in his Internet-based flooring business.
3M Sees 2Q Earnings Before Items Below Earlier Gui
St. Paul, MN, July 7, 2006--3M Inc. said it expects earnings excluding items for the second quarter to miss its previous outlook due to lower than expected sales volumes and higher than anticipated new capacity start-up costs in its optical systems divisi
Teragren Secures Exclusive Rights to Strand Bamboo
Bainbridge Island, WA, July 7, 2006—Teragren, producer of of environmentally-friendly bamboo flooring, panels and veneer, has announced that it has secured exclusive rights to two patents for popular strand bamboo products.