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.

Conference Board: More Corporate Boards Involved I

New York, NY, October 16, 2006--More corporate boards are becoming actively involved in providing oversight into companies' ethics and compliance programs, according to a report released today by The Conference Board.

Stanley Furniture 3Q Earnings Drop

Stanleytown, VA, October 16, 2006--Stanley Furniture Co. said Monday its third-quarter profit fell 48 percent, as homeowners held back on purchases of wooden furniture and the company incurred higher raw material, compensation and energy costs.

Business Inventories Up August

Washington, DC, October 13, 2006--Business inventories increased 0.6% in August, slightly slower than the 0.8% increase in sales, the Commerce Department reported Friday.

Import Prices Off

Washington, DC, October 13, 2006--Led by a drop in the cost of imported oil, the prices of goods imported into the U.S. fell 2.1% in September, the first drop since March and the biggest since April 2003.

Chain Sales Sales Up Last Week

New York, NY, October 10, 2006--Chain store sales for the week ended Oct. 7 rose 0.5% on a week-over-week basis, according to a survey released Tuesday by the International Council of Shopping Centers and UBS Securities.

Wholesale Inventories Up in August

Washington, DC, October 10, 2006--Inventories at the wholesaler level gained a higher-than-expected 1.1 percent in August on advances in both durable and nondurable stocks, a government report on Tuesday showed.