Carpet Increasingly Preferred in Commercial Market
Dalton, GA, Aug. 6, 2010--A recently completed survey for the Carpet and Rug Institute shows that carpet, especially carpet tile, continues to make inroads into the commercial market.
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.
Retailers Say July Sales Were Sluggish
New York, NY, Aug. 6, 2010--Retailers reported Thursday that sales at stores open at least a year were weaker than expected in July, increasing 2.9% from July of last year, according to a tally by Thomson Reuters.
Beazer Homes Reports Smaller Quarterly Loss
Atlanta, GA, Aug. 5, 2010--Beazer Homes USA reported a smaller quarterly loss as sales closings rose in advance of the expiration of the federal homebuyer tax credit.
Iranian Hand-Woven Carpet Exports Rise
Tehran, Iran, Aug. 5, 2010--Iran has exported close to $104 million worth of hand-woven carpets in the first four months of the current Iranian year that began on March 21.
Initial Jobless Claims Rise in Latest Week
Washington, DC, Aug. 5, 2010--Initial jobless claims rose by 19,000 to 479,000 in the latest week, the Labor Department reported Thursday.
Lumber Liquidators Income Below Analyst's Estimate
Baltimore, MD, Aug. 5, 2010--Lumber Liquidators reported second quarter earnings per share of $0.32, which was lower than the $0.35 per share estimate by flooring industry analyst Stifel Nicolaus.
Oil Prices Near Three-Month High
New York, NY, Aug. 5, 2010--Oil prices hovered above $82 a barrel Thursday in Asia, near a three-month high.
Shaw's Clear Path Recycling Begins Operations
Dalton, GA, July 30, 2010--Clear Path Recycling, a joint venture company established by Shaw Industries and DAK Americas, began processing operations in July.
Brush and Clean Expands Into North America
Ft. Lauderdale, FL, Aug. 2, 2010--Brush and Clean said it has expanded into North America, with the opening of its headquarters in Ft. Lauderdale and distribution facility in Pennsylvania.
Consumer Sentiment Falls in July
Ann Arbor, MI, July 30, 2010--U.S. consumer sentiment fell in July to its lowest level in nine months, according to the Thomson Reuters/University of Michigan's Surveys of Consumers.