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Archive for February, 2009

Foreign Accents Rugs

Foreign Accents Rugs offer variety of styles, however; they are best known for their gorgeous contemporary rugs.

Foreign Accents Rugs offer variety of styles, however; they are best known for their gorgeous contemporary rugs.

Foreign Accent rugs are some of the best looking rugs available today. Area Rugs Club is proud to offer this collection of fantastic rugs.

As anyone who has used a Foreign Accent rug knows, they have some innovative designs with unique styles that have earned it its reputation. Foreign Accent rugs not only cover the floor, they make a style statement and transform the entire look and feel of the floor. That’s why these rugs are so sought after. Area rugs from Foreign Accent rugs come in a wide variety of styles and shapes and sizes. These are suitable for all kinds of applications. The categories are accent rugs, contemporary rugs, kids rugs, traditional rugs, southwestern rugs, transitional rugs, modern rugs, Shag rugs, Oriental rugs and more. There are round rugs, oval rugs, square rugs, rectangular rugs and runners.

One great thing about Foreign Accent rugs is that they come from many different countries where they are manufactured using their endemic techniques. There are hand knotted, hand woven, hand tufted and hand crafted. So they can cater to large variety of tastes and settings. When I went to an area rugs trade show in Las Vegas couple weeks back, I made sure to stop by their booth and bring you these wonderful rugs at very affordable prices. We are here to make you happy and bring you best of area rugs industry has to offer. Please let us know if there are other lines of fine rugs you want us to include on our website.

thanks for reading!
cheers!

Jeff (Buyer at Area Rugs Club)

Posted on February 25th, 2009 under Area Rugs, Uncategorized. Tags: , , , , , , . Comments: None

Sphinx by Oriental Weavers to Cut Prices

Sphinx Rugs bringing good news to consumers!! Egypt’s Oriental Weavers will cut prices on exports to the U.S. and eastern Europe by up to 15% in order to boost market share. These days any boost in market share is good news.

Andy Warhol collection by Sphinx Rugs has been a big hit for obvious reasons. They are bold and just beautiful.

Andy Warhol collection by Sphinx Rugs has been a big hit for obvious reasons. They are bold and just beautiful.

The company’s main raw material called “polypropylene”, was reduced in cost due to declining oil prices, and therefore exporting prices also declined. Sphinx Rugs already offers the largest selection of discount rugs in the market.

Once the reduced exporting costs came into play, Oriental Weavers seized the opportunity to reduce prices as incentive to buyers. The use of polypropylene in carpet has grown significantly over the past eleven years. Polypropylene does not absorb water and is extremely resistant to stains, fading, moisture, and bacteria.

In late 2008, Oriental Weavers said that it would delay construction of a $233 million industrial complex from 2009 to 2010 because of the global financial crisis; yet, that might change since things are starting to look brighter with the price cuts on exports. Oriental Weavers said in March of 2008 the first phase of the $235.5 million complex would produce rugs with an initial investment cost of $89 million.

Oriental Weavers were quoted in a statement to the stock exchange as saying “In light of the decline recently in the world financial markets, the management of the company saw fit to move construction work planned for mid-2009 to the beginning of 2010.” It was also reported that Egypt’s Oriental Weavers did not see a decline in its growth rate, productivity, or in it’s sales.

Also in late 2008, Egypt’s Oriental Weavers reported a 48 % increase in net profit after minority interest during the third quarter to $15 million. In addition, it also maintained its full-year target growth of between 10 to 12 percent. Shares in the company were trading 0.71% up at $4 by 09:53 GMT.

As you can see, the combination of reduced prices on exporting machine-woven carpets, and the continuing profits and growth in shares, Egypt’s Oriental Weavers and their product is here to stay. All you carpet admirers can stop by and have a look at some of Oriental Weavers top collections such as Sphinx Rugs Generations and Sphinx Rugs Allure.

Posted on February 6th, 2009 under Area Rugs, In the News. Tags: , , , , , , , , , , . Comments: 1