Luxury Consumer Confidence Off in 2Q
Stevens, PA, August 18, 2006--Luxury consumers' confidence dropped during the second quarter 2006, dropping 14 points down to 99.2 from a high of 113.2 at the close of the first quarter.
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.
Iran Rug Offical Stress Industry Potential
London, England, August 17, 2006--A senior Iranian rug industry official said that the government must support the weavers, stressing that the development of Persian carpet sector will not only prevent migrations from rural areas to larger cities.
Industrial Production Up in July
Washington, DC, August 16, 2006--Industrial production rose by 0.4% in July, down from 0.8% in June, according to a report from the Federal Reserve.
Prices Causing Many to Alter Vacations
New York, August 16, 2006--While two-thirds of American families say they haven't yet scaled back their summer vacations because of higher gas prices, the other one-third are significantly changing their travel plans.
Refinance Applications Increase in Latest Survey
Washington, DC, August 16, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 11.
CRI Responds To New York State Guidelines
Dalton, GA, August 16, 2006—The Carpet and Rug Institute, (CRI) has been in contact with the state of New York regarding their Guidelines and Specifications for the Procurement and use of Environmentally Sensitive Cleaning and Maintenance Products.
State Existing-Home Sales Soften in 2Q
Washington, DC, August 15, 2006--Existing-home sales, including single-family and condo, were down in the second quarter in contrast with a record set in the same period in 2005. Despite the overall decline, 20 states showed increases in sales activity fr
Saks Posts 2Q Loss
Birmingham, AL, August 15, 2006--Saks Inc., posted a second-quarter loss Tuesday, reversing a year-earlier profit, due in large part to sharply lower revenue following the sale of its Northern Department Store Group.
Natural Fiber Rug Market Continues to Grow
Beverly Hills, CA, August 15, 2006-- Like most industries in the United States, the rug business has not been spared from the effects of inflation, erratic petroleum prices and increasing dependence on Chinese importation.
Federated to Cut Newspaper Spending
Cincinnati, OH, August 14, 2006--Federated Department Stores Inc.'s conversion of hundreds of stores to the Macy's nameplate could be painful for newspapers.