NWFA Says CEO Korczak To Retire This Year
St. Louis, MO, July 14, 2010--As Floordaily previously reported in April, National Wood Flooring Association Executive Director/CEO Ed Korczak will retire at the end of 2011.
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.
Analyst Maintains Buy Rating on Armstrong
New York, NY, July 14, 2010--After a meeting with management, analyst Stifel Nicolaus has maintained its "buy" rating on Armstrong World Industries, calling it "the least expensive stock in our universe."
Kronotex Distributor Expands Into Houston Market
Barnwell, SC, July 14, 2010--Laminate maker Kronotex USA said that Bolick Distributors, its most long-standing distributor, has expanded into the Houston market.
Economy to Keep Salary Increases in Check
New York, NY, July 14, 2010--The weak economy will hold down salary increases this year, but the outlook for next year is slightly better, according to a survey by the Conference Board.
Feizy Names Advertising, Marketing Director
Dallas, TX, July 14, 2010--Feizy Rugs said that Ed Mitre has joined the company as director of advertising and marketing.
Home Purchase Mortgage Applications Fall
Washington, DC, July 14, 2010--Mortgage-loan applications for home purchases fell to their lowest level in 14 years last week, the Mortgage Bankers Association said.
Surya Names VP Printed Rug Division
Atlanta, GA, July 14, 2010--Rug maker Surya has named Pat Douglass as vice president of the Printed Rug Division.
Topps Tiles Reports Smaller Sales Decline
London, England, July 14, 2010--Tile and wood flooring specialist Topps Tiles said overall revenue for the 13 weeks ended July 3 declined 2.5% compared to an 8.9% drop last year.
Economic Optimists Outnumber Pessimists in U.S.
Washington, DC, July 14, 2010--More Americans expect the U.S. economy to improve rather than decline in the next six months, according to a survey by Certified Financial Planner Board of Standards Inc.
Foreclosure Sales Nearly Third of Total in Q1
Miami, FL, July 13, 2010--Foreclosure Deals, an online company specializing in information about foreclosures, said that 31% of all residential properties sold in the first quarter were foreclosure properties.