Credit Card Debt Hits Eight Year Low
New York, NY, Aug. 25, 2010--Consumer credit card debt in the second quarter dropped to the lowest level in more than eight years, according to credit reporting agency Transunion.
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.
Former Home Depot Employee Found Not Guilty
Atlanta, GA, Aug. 25, 2010--Former Home Depot employee Ian Jay Evans, accused in a flooring kickback scheme, was found not guilty of a federal offense, according to the Atlanta Journal-Constitution.
CBO Says Stimulus Drove Growth in Q2
Washington, DC, Aug. 25, 2010--The Congressional Budget Office said the federal stimulus plan boosted the economy in the second quarter by as much as 4.5%.
Orders for Durable Goods Soften in July
Washington, DC, Aug. 25, 2010--Overall orders for big-ticket manufactured goods increased 0.3% in July, the Commerce Department said Wednesday.
CFI Convention Gets Boost in Attendance
Kansas City, MO, Aug. 25, 2010--Attendance at the Certified Floorcovering Installers annual convention was 179, an increase of almost 30% over last year.
Home Resales Fall Again in July
Washington, DC, Aug. 24, 2010--Home resales dropped 27.2% in July largely because of the expiration of a federal tax credit, according to the National Association of Realtors.
Healthier Choice Acquires Stainable Molding Firm
Dalton, GA, Aug. 24, 2010--Cushion and acoustical underlayment maker Healthier Choice Flooring said it has acquired Flexitions LLC, a manufacturer of stainable flexible transition molding.
Ravago Gets 100% Post-Consumer Certification
Manchester, TN, Aug. 23, 2010--Ravago Manufacturing Americas has had its Enviramid nylon feedstocks certified by UL Environment as containing 100% post-consumer recycled content.
Daltile in Eighth Season of Extreme Makeover
Dallas, TX, Aug. 24, 2010--Daltile has signed on for its eighth consecutive season as tile provider to ABC’s hit show “Extreme Makeover: Home Edition.”
Chain Store Sales Up Over Last Year
New York, NY, Aug. 24, 2010--Chain-store sales for the week of Aug. 21 increased 2.3% from the year-earlier period, according to the International Council of Shopping Centers and Goldman Sachs.