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.
Washington, September 20--The Federal Reserve, according to many analysts, will take another small step this week toward raising interest rates to more normal levels, but may be getting rates up to a point that allows for a pause in increasing them.
Dalton, GA, September 17--Mohawk’s latest “Rewards Plus” promotion puts the ball in the retail salesperson’s hands, and makes it easy to score big.
Naples, FL, September 16--The Florida attorney general has fielded more than 6,400 price-gouging complaints in the past month, with more than 700 of them coming from Lee and Collier counties, according the NaplesNews.com.
Fort Worth, TX, September 14--Pier 1 Imports reported earnings in the second quarter where profit fell more than 40 percent as sluggish sales and heavy discounts to lure shoppers took their toll.
Bangalore, India, September 13—The Indian flooring market has witnessed a lot of changes in the last 50 years, according to the Financial Times.
Washington, September 19--The Producer Price Index declined 0.1 percent in August, after edging up 0.1 percent in July, according to the Labor Department.
Washington, September 8--The economy retained a head of steam in late July and August, but the pace of growth slowed in some districts amid weaker consumer spending and softness in the housing market.
Red Bank, NJ, September 7 -- Hovnanian Enterprises reported net income of $86.7 million, or $1.33 per fully diluted share, on $1.1 billion in total revenue for the third quarter ended July 31, 2004. Last year's third quarter net income was $68.8 milli
Wilksboro, NC, September 7—Lowe’s said Friday that it established a new $1 billion senior credit facility in July with 15 banking institutions.
Washington, September 3—The economy in August added 144,000 jobs and the unemployment rate dipped to 5.4 percent from July’s 5.5 percent, the Labor Department reported.