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.

Manufacturing Study: Structural Costs Continue to

Structural costs for domestic manufacturers have increased from 22.4 percent to 31.7 percent since 2003 compared to nine major trading partners, according to a study released today by the National Association of Manufacturers.

NRF Welcome Veto of California Container Tax

Washington, DC, September 26, 2006 – The National Retail Federation welcomed California Governor Arnold Schwarzenegger’s veto of legislation that would have imposed a $60 fee on containers moving through two of the nation’s largest ports.

Ethan Allen sees 1Q Sales of $240M to $245M

Danbury, CT, September 25, 2006--Ethan Allen Interiors chairman and CEO Farooq Kathwari said, in anticipation of being asked to comment on current business, "[S]ales in recent months have slowed as consumer confidence has remained weak."

SpeedHeat Introduces Generation4

Atlanta, GA, September 21, 2006--Radiant flooring producer SpeedHeat has unveiled their Generation4 floor warming systems in the United States.

Fed Holds Interest Rate Steady

New York, NY, September 20, 2006--Surprising no one, the Federal Reserve held its overnight federal funds rate steady at 5.25 percent, the rate reached in June after 17 straight increases.

Steelcase 2Q Earnings Nearly Double

Grand Rapids, MI, September 20, 2006----Steelcase Inc., reported second quarter profit that nearly doubled, aided by higher sales. The company also forecast a third-quarter profit below analysts' expectations.

iFLOOR.com to Host Public Auction

Hayward, CA, September 20, 2006--iFLOOR.com, America’s largest Internet flooring company, will be having a public auction at iFLOOR.com’s Hayward, California location.