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.

3M 2Q Earnings Up

St. Paul, MN, July 18--3M Co. posted a higher quarterly profit and raised the bottom of its full-year profit forecast as it expects sales to continue to accelerate.

Increasing Prices Hurting Persian Carpet industry

London, England, July 18--The greatest challenge to the Persian carpet industry is the high prices of hand-woven rugs, which have reduced the national industry’s competition power at the international level.

Consumer Sentiment Up in July

Ann Arbor, MI, July 15--The University of Michigan's preliminary consumer sentiment index for July rose to 96.5 from 96 in June.

Q.E.P. 1Q Earnings Off

Boca Raton, FL, July 15--Q.E.P. in its first quarter ended May 31, 2005 reported net income of $770,000, or $0.21 per diluted share, compared with $1.2 million, or $0.32 per diluted share for the same period last year.

NRF: Retail Industry Sales Up 0.5% in June

Washington, DC, July 15--According to the National Retail Federation (NRF), retail industry sales for June (which exclude automobiles, gas stations, and restaurants) rose a strong 7.5 percent unadjusted over last year and increased 0.5 percent seasonally

Business Inventories Up 0.1%

Washington, DC, July 15—-Business inventories rose 0.1% in May, to $1.3 billion, according to a Commerce Department report.