Consumer Confidence Holds Steady
New York, NY, May 25--The Conference Board’s Consumer Confidence Index, which had improved last month, was virtually unchanged in May.
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.
Sydsvenska Kemi Sells Stake in Pergo
Perstorp, Sweden, May 25--Sydsvenska Kemi has confirmed the sale of its 14.3% share of capital and votes in Pergo to Explorer Capital Investments.
Nafco Expands PermaStone Offering
Houston, TX, May 24--Today Nafco by Tarkett announced the launch of a new collection within its PermaStone line--PermaStone Modular--which offers a variety of newly sized tiles that can be assembled into modular units.
Rising Material Costs Hit Construction Industry
Dallas, TX, May 24--Builders are being hammered by skyrocketing prices. Costs of lumber, steel and concrete are surging, which adds thousands of dollars to the price tags of homes, apartments and commercial buildings, according to the Dallas Morning News.
Retail Furnishings Sales Off
Charlotte, NC, May 24--Results from some major furnishings retailers last week suggest U.S. consumers may be slowing their impulsive home-oriented purchases.
Oates Resigns as V.P. of Marketing at Armstrong Fl
Lancaster, PA, May 24--Laurie Israel-Cubell, a six-year Armstrong veteran, has been promoted to Vice President, Marketing and New Product Development, AFP, effective immediately.
Analysts Expect Wood Prices to Remain High
New York, NY, May 24--Although wood panel prices have started to retreat from record highs, industry executives and analysts are shrugging off recent housing data and expectations of higher interest rates, saying they expect prices for the building materi
New Overtime Rules Could Affect Small Businesses
Tucson, AZ, May 24--For small companies, recently revised white-collar overtime rules may be a shock. Many don't have human resource departments or legal teams to pore through 154 pages of job definitions, according to the Tucson Citizen.
S&P Raises Mohawk’s Ratings
New York, NY, May 24--Standard & Poor's Ratings Services said today that it raised its corporate credit and unsecured debt ratings on floorcoverings giant Mohawk Industries Inc. to 'BBB+' from 'BBB'. The outlook for the Calhoun, GA-bas
Tennessee Foam Producer Launches Plant Expansion
Chattanooga, TN, May 21--A Chattanooga maker of foam used in bedding, furniture and carpet backing is embarking on a nearly $3 million expansion and swelling its work force by up to 30 employees, according to the Chattanooga Times/Free Press.