Pfleiderer Building Plant in Russia for Furniture
St. Petersburg, Russia, July 15, 2008--Laminate and board maker Pfleiderer AG is building a second factory in Russia, to be launched in next summer, local officials said in statement on Tuesday.
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.
Federal Reserve Backs Freddie, Fannie
Washington, DC, July 14, 2008--The Federal Reserve and the Treasury Department announced steps Sunday to back mortgage giants Fannie Mae and Freddie Mac.
Former HD Manager Guilty in Flooring Scheme
Atlanta, GA, July 14, 2008--Former Home Depot purchasing manager James P. Robinson pleaded guilty Friday in federal court to three felony counts regarding a flooring kickback scheme.
Dealers Get Break on CMI Outdoor Rugs
Pawtucket, RI, July 15, 2008 --Colonial Mills Inc. said that one of its most popular braided-texture rugs for outdoor applications, simply home, is now 50 percent off for dealers.
Bedspread Industry Pioneer Dies
Dalton, GA, July 14, 2008--John Hugh Hackney, 94, considered to be a pioneer in the chenille bedspread industry, died July 12 at his home in Dug Gap.
Lumber Liquidators Expands into Brooklyn
Brooklyn, NY, July 11, 2008--Lumber Liquidators, with more than 125 stores nationwide, has added another one to its roster with its first store in Brooklyn.
Consumer Sentiment Barely Budges
Ann Arbor, MI, July 11, 2008--U.S. consumers remain extremely pessimistic this month, according to the consumer sentiment index from the University of Michigan/Reuters.
Exports Climb To All-Time Highs: Trade Gap Narrows
Washington, DC, July 11, 2008--The United States' trade deficit narrowed in May as exports climbed to all-time highs, according to the Commerce Department.
CEOs Still Widely Pessimistic About Economy
Washington, DC, July 11, 2008--The Conference Board Measure of CEO Confidence inched up from 38 to 39 in the second quarter, but is still pessimistic.
Propex Raising Prices 11 Percent
Chattanooga, TN, July 11, 2008 – Propex Flooring, the major supplier of primary and secondary carpet backing to the carpet industry, said it will increase prices 11 percent effective Aug. 11.