Consumer Credit Up in March
Washington, Dc, May 8, 2007--Consumer credit rose a much bigger-than-expected $13.46 billion in March as Americans loaded up on credit card debt and closed-end loans for cars, vacations and education.
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.
Sears Unveils New Marketing Campaign
Hoffman Estates, IL, May 8, 2007--Sears is hoping a new marketing approach that focuses on making an emotional connection with shoppers will help turn around its beleaguered business.
Former Buddy's Carpet Exec Pleads Guilty
Dayton, OH, May 8, 2007--A former executive of the Buddy's Carpet and Flooring retail chain has pleaded guilty to a charge of tax evasion.
Festool Expands Florida Sales Staff
Lebanon, IN, May 8, 2007--Festool USA said today that industry veteran, Gregory Stewart, has accepted the position of Sales Manager Florida.
Lorberbaum Named Best Performing Boss By Forbes
Dalton, GA, May 8, 2007--Mohawk Industries Chief Executive Officer Jeffrey S. Lorberbaum was named by Forbes.com as one of "America's Best Performing Bosses."
AIA Unveils Digital Practice Documents
Washington, DC, May 7, 2007--The American Institute of Architects (AIA) has moved one step closer to an entirely digital future with the release of two new standard form contracts.
Pergo Sees Management Changes Under New Owners
Trelleborg, Sweden, May 4, 2007--George R. Kelley has been named president and CEO of the newly integrated flooring companies Pergo, Inc and Uniboard.
Iran Carpet Exports Top $400M
London, England, May 4, 2007--One of the most significant elements of Iran's carpet industry is its attention to customer needs and interests.
Payrolls Rise 88,000, Unemployment Rate Up to 4.5%
Washington, DC, May 4, 2007--The economy added a weaker-than-expected 88,000 jobs in April and the jobless rate rose to 4.5 percent from 4.4 percent.
Hovnanian Losses Widen in 2Q
Red Bank, NJ, May 4, 2007--Hovnanian Enterprises Inc. said Friday its fiscal second-quarter loss will be wider than previously forecast after selling fewer homes amid still-tepid demand in the housing market.