U.S. & Germany Buy 50% of Iranian Carpets
Tehran, Iran, March 5, 2007--The U.S. and Germany accounted for 50 percent of Iran's hand-woven carpets for export between March and November 2006.
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.
Pakistan Prime Rival of Iran in Carpet Market
Tehran, Iran, March 5, 2007--Pakistan is Iran’s main rival in the production and export of hand-woven carpets, according to an expert in exports.
Condo Builders' Confidence Up
Washington, DC, March 5, 2007--Condo builders reported somewhat better market conditions in the fourth quarter of 2006 than in the previous quarter.
Beaulieu International Intros Luxury Resilient
Dalton, GA, March 2, 2007--Distributors and retailers now have access to Beauflor, a new simplified seamless-installation solution for luxury resilient flooring from Beaulieu International Group.
Consumer Sentiment Revised Down
Ann Arbor, MI, March 2, 2007--Consumer sentiment weakened in late February to its lowest level since September, according to research from the University of Michigan.
Younts Promoted at Capital Business Credit
New York, NY, March 2, 2007--Capital Business Credit LLC has named Jerry Younts executive vice president and regional manager of their North Carolina office.
Furnishings Shares Edge Higher
New York, March 2, 2007--Stable interest rates and signs that the housing market may be leveling off have helped home and office furnishing stocks rebound from their own slump in recent months.
China’s BBDC Selling Flooring Business
Shanghai, China, March 2, 2007--Shanghai Baosteel Business Development Co. is putting its flooring business up for sale at the price of CNY 15 million on the Shanghai United Assets and Equity Exchange.
Sears 4Q Earnngs Up 27%
Hoffman Estates, IL, March 2, 2007--Sears turned in a nearly 27% surge in fourth-quarter profit on Thursday as tighter costs and gains from property sales helped offset static retail sales.
Kohl's 4Q Profits up 29%
Menomonee Falls, WI, March 2, 2007--Kohl's reported a 29.3 percent profit increase in the fourth quarter, as the midlevel retailer benefited from strong sales of its exclusive brands