Commercial Carpets of America Gets Private Equity
McClean, VA, March 2, 2010--Commercial Carpets of America has been recapitalized by Eureka Growth Capital and Shore Points Capital.
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.
Chain Store Sales Up Over Last Year
New York, NY, March 2, 2010--Chain-store sales for the week ended Feb. 27 rose 0.7% from the year-earlier period, according to the International Council of Shopping Centers and Goldman Sachs.
Shaw's Earnings, Revenues Slide in 2009
Omaha, NE, March 1, 2010--Shaw Industries reported net revenue of $4.01 billion in 2009, down 21 percent from the previous year's revenues of $5.05 billion.
Armstrong Adjusted Net Income Rises in 4Q
Lancaster, PA, March 1, 2010--Armstrong World Industries reported fourth quarter net sales of $653.0 million, down 8 percent, from $708.4 million in the same period for 2008.
Manufacturing Continued To Expand in February
New York, NY, March 1, 2010--The U.S. manufacturing sector expanded in February but at a slower rate than was expected, according to the Institute for Supply Management.
U.S. Construction Falls to Near Seven-Year Low
Washington, DC, March 1, 2010--U.S. construction spending in January fell to its lowest level since June 2003, hurt by a decrease in private nonresidential spending.
NALFA Develops Laminate Installation Video
Washington, DC, March 1, 2010--The North American Laminate Flooring Association has developed a video to guide proper laminate flooring installation.
Personal Spending Up More Than Incomes
Washington, DC, March 1, 2010--The commerce Department said that personal spending jumped by a larger amount than expected in January, although incomes didn't keep pace.
Oriental Weavers Buys Textile Firm
Cairo, Egypt, March 1, 2010--Egyptian carpetmaker Oriental Weavers said it will buy land and assets of a startup textile firm as demand in its export markets picks up.
Flooring Warehouse Destroyed in Fire
Ellijay, GA, March 1, 2010--A fire destroyed a carpet and flooring warehouse in Gilmer County, according to reports.