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.

Volume Up At Major Ports, But Congestion Down

Washington, DC, August 10--Inbound container traffic is up at the nation’s major ports, but congestion that plagued the docks last year does not appear to have returned, according to the National Retail Federation’s new monthly Port Tracker report.

USGBC Files for ANSI Accreditation

Washington, DC, August 10--The U.S. Green Building Council (USGBC) has filed an application with the American National Standards Institute (ANSI) to become an ANSI accredited national standards developer.

Federated's 2Q Earnings Nearly Double

Cincinnati, OH, August 10--Federated Department Stores said its earnings nearly doubled in its second quarter, and the company sees sales growth picking up in the second half of the year.

Mortgage Applications Off Last Week

New York, NY, August 10--Applications for home mortgages fell last week, its third consecutive drop, as refinancing activity waned and interest rates reached four-month highs, industry group figures showed on Wednesday.

May Department Stores 2Q Earnings Drop

St. Louis, MO, August 9--May Department Stores reported second quarter earnings that fell by nearly half from the year before, hurt by expenses from its planned merger with Federated Department Stores.

Wholesale Inventories Up 0.7%

Washington, DC, August 9--Wholesalers inventories were up 0.7 percent in June, while wholesale sales rose 0.6 percent, according to the Commerce Department.

Pakistan's Carpet Exports Could Top $1B

Lahore, Pakistan, August 9--Pakistan's carpet exports could surpass the US$1 billion mark with the introduction of a strategic plan that covers the entire industry.