Interface Net Income Down Slightly, Sales Flat
Atlanta, GA, Oct. 21, 2008--Profits fell slightly but sales were flat for Interface Inc. in the third quarter compared to a year ago.
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.
Foreclosures May Accelerate as Unemployment Rises
San Francisco, CA, Oct. 22, 2008--If 2008 was a record year for home foreclosures, next year could look even worse as job losses mount, the chief economist of the Mortgage Bankers Association said on Tuesday.
Mohawk Website Consumer Application Wins Award
Dalton, GA, Oct. 22, 2008--My Mohawk RoomMate, a web application that matches consumers with the right type of flooring for their room makeover, earned two awards from the International Academy of Visual Arts and the W3 Awards.
Mortgage Application Volume Falls on Refinancing
Washington, DC, Oct. 22, 2008--The volume of mortgage applications filed last week decreased a seasonally adjusted 16.6% compared with the week before.
UFloor Systems Gets New Distributors
Greensboro, NC, Oct. 21, 2008--UFloor Systems has entered in to a new full-line distribution agreement with Distribution Brothers, LLC, with three locations in Eau Claire, Wis., and Cedar Rapids and Urbandale, Iowa.
Oil Prices Fall Below $70 on Recession Fears
Singapore, Oct. 22, 2008--Oil prices fell below $70 a barrel Wednesday in Asia as investors shrugged off a looming OPEC production cut after company forecasts suggested the U.S. may be headed for a severe economic slowdown that crimps crude demand.
Record Number of Exhibitors Set for Domotex
Hannover, Germany, Oct. 22, 2008--Domotex Hannover, the international showcase for the flooring sector, said it expects over 1,350 exhibitors spread across a net display area of 92,500 square meters when the 2009 edition takes place Jan. 17-20.
Ceramic Tiles of Italy Seeks Contest Entries
New York, NY, Oct. 22, 2008--Ceramic Tiles of Italy is seeking entires for the 2009 Ceramic Tiles of Italy Design Competition.
Economy Contracting, Not in Free Fall, Board Says
New York, NY, Oct. 20, 2008--The economy's health improved for the first time in five months in September as supplier deliveries and new orders strengthened, according to the Conference Board.
Chain Store Sales Higher Than a Year Ago
New York, NY, Oct. 21, 2008--U.S. chain-store sales for the week ended Oct. 18 rose 0.9 percent from the year-ago period, according to a survey released Tuesday by the International Council of Shopping Centers.