The Fed Takes a Break
Washington, DC, August 8, 2006--After 25 months and 17 straight meetings with a quarter-percentage point rate hike, the Federal Open Market Committee decided to hold rates steady at its meeting Tuesday.
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.
Hot July is Tepid for Small Business
Washington, DC, August 8, 2006--Scorching temperatures received lots of attention in July, but things were not so hot for the nation's small-business owners.
UK’s Carpetright 1Q Sales Off
London, England, August 8, 2006--The U.K's biggest retailer of carpet and floor coverings, Carpetright PLC said like-for-like sales in the U.K and Republic of Ireland fell 0.3% in the first quarter, due to unseasonably warm weather.
Editor Calls for Inquiry into Feltex
Auckland, NZ, August 7, 2006--Small shareholders have been burned again. Sunday Star Times business editor Tim Hunter wants the Securities Commission to investigate what went wrong at Feltex.
Haverty Furniture July Sales Up 10.3%
Atlanta, GA, August 3, 2006—Haverty Furniture reported sales for the month ended July 31 that increased 10.3% to $73.4 million, compared with $66.6 million in July 2005.
Louisville Wood Floors Created
Louisville, KY, August 3, 2006--John Stern, formerly of Kentucky Wood Floors, announced the creation of a new company called Louisville Wood Floors, created to provide the specifiers with a broad selection of specialty hardwood flooring and accessories.
Retailers Post Solid Sales in July
New York, NY, August 3, 2006--Retailers posted solid July sales growth sent consumers back into the stores. The outlook for the back-to-school season however remains uncertain as higher gasoline prices and rising interest rates are still expected to chall
New Persian Rug Marketing Groups to Bolster Intern
London, England, July 31,2006--According to an IRNA report, a senior Commerce Ministry official said that several Persian carpet research and marketing groups will be established nationwide as part of efforts to promote international sales of the luxuriou
2Q GDP Growth Slows to 2.5%
Washington, DC, July 28, 2006--The economy slowed in the second quarter, growing at a real 2.5% annual rate after a torrid 5.6% pace in the first quarter, the Commerce Department reported Friday.
Bentley Prince Street Debutes Eco-Friendly Adhesiv
Los Angeles, CA, July 27, 2006--Bentley Prince Street has made another step toward its Mission Zero goal of eliminating its potential negative impact on the environment by the year 2020 by thinking not just about what’s in its carpets, but also what’s und