Wholesale Inventories Up While Sales Decline
Washington, DC, Aug. 10, 2010--Inventories at the wholesale level edged up slightly in June but sales fell by the largest amount in 15 months.
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.
Mohawk Creates First Sustainability Report
Calhoun, GA, Aug. 9, 2010--Mohawk Industries has created its first annual sustainability report, A Better World by Design, which is available at mohawksustainability.com.
Berkshire Hathaway Earnings Helped by Burlington
Omaha, NE, Aug. 9, 2010--Berkshire Hathaway, parent company of Shaw Industries, reported net income of $1.96 billion for the second quarter and $5.6 billion for the first six months.
CRI Approves One Solution, Two Vacuums
Dalton, GA, Aug. 9, 2010--One new solution and two new vacuums have won the Seal of Approval from the Carpet and Rug Institute
Analyst Maintains 'Buy' Rating on Armstrong
Baltimore, MD, Aug. 9, 2010--Analyst Stifel Nicolaus is maintaining its "buy" rating on Armstrong World Industries, citing "solid execution in a choppy market."
Construction Employment Lowest in Over 14 Years
Washington, DC, Aug. 9, 2010--The construction industry is at its lowest level of employment in more than 14 years, according to data from the Department of Labor.
Britain's United Carpets Sees Slower Sales
London, England, Aug. 9, 2010--United Carpets, Britain's second largest carpet and flooring retailer, improved profits during the year to March, but said that sales have been slow since the start of the year.
Mohawk Reports Higher Earnings on Unilin Strength
Calhoun, GA, Aug. 5, 2010--Mohawk Industries reported second quarter net earnings of $68 million and earnings per share of $0.99.
Armstrong Records Higher Sales, Lower Net Profit
Lancaster, PA, Aug. 6, 2010--Armstrong World Industries reported second quarter net income was $26.8 million, or $0.46 per share, on net sales of $724.8 million, up 3%, from $705.7 million a year ago.
Job Growth Continues in July
Washington, DC, Aug. 6, 2010--Job growth continued at a slow pace in July, the Labor Department said Friday.