Carpetright Sales Improve But Company Still Wary
London, England, Oct. 28, 2009--Carpetright CEO Lord Harris said that the company has made solid start to the year but remained wary "about the retail market in the balance of the financial year."
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.
Faus Gets Chinese Patent for Manufacturing Process
Calhoun, GA, Oct. 28, 2009 – Faus Group said that on Oct. 7 the State Intellectual Property Office in China granted Faus a new patent covering the manufacturing process for the Embossed-In-Register product.
Durable Goods Orders Up Again in September
Washington, DC, Oct. 28, 2009--Durable goods rose in September for the fourth time in the past six months, a sign factories are helping ring in an economic recovery.
Mortgage Applications Fall Slightly
Washington, DC, Oct. 28, 2009--Mortgage applications fell 1.8% last week, compared with the week before, as mortgage rates rose, the Mortgage Bankers Association reported Wednesday.
Dixie Group Sees Higher Third Quarter Loss
Chattanooga, TN, Oct. 27, 2009--The Dixie Group reported a third quarter loss from continuing operations of $2,017,000, or $0.16 per diluted share, compared with a loss of $732,000, or $0.06 per share a year ago.
Firm Develops System To Separate Pile, Backing
Dalton, GA, Oct. 27, 2009--Sellers Engineers has developed a Fibrebak pile removal system, which it debuted at the FloorTek show.
Pinnacle Interior Elements Has New President
Berkeley, CA, Oct. 27, 2009--CA International said that Phillip Cutts has been appointed president of its Pinnacle Interior Elements Division headquartered in Dallas.
Invista Appoints Two To Executive Positions
Kennesaw, GA, Oct. 27, 2009—Invista Performance Surfaces and Materials has named Bobby Berrier global sustainability director.
Tennant Earnings Down But Beat Estimates
Minneapolis, MN, Oct. 27, 2009--Tennant Co., which makes floor cleaning products, reported third-quarter net income of $5.8 million, or $0.31 a share, compared with $14.0 million, or $0.76 a share, a year ago.
Consumer Confidence Falls in October
New York, NY, Oct. 27, 2009--Consumers confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak.