Sears Names Executive to Head The Great Indoors
Hoffman Estates, IL, October 13, 2005--Sears has named Teresa Byrd, 56, to the post of senior vice president and general manager, The Great Indoors (TGI), effective immediately.
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.
ServiceMagic Receives Web Marketing Association Aw
Golden, CO, October 13, 2005--ServiceMagic, Inc., the leading online marketing system for residential contractors and home service professionals, has been awarded the 2005 Outstanding Website WebAward by the Web Marketing Association (WMA).
Energy Drives Import Prices Up in September
Washington, D.C., October 13, 2005—Import prices rose 2.3% in September, according to the Department of Labor. Prices rose to their highest level in 15 years, as costs of natural gas and oil continued to rise.
Retail Profits Off in 1Q
Washington, DC, October 12, 2005--After-tax profits of retail corporations with assets of $50 million and over totaled $13.0 billion in the first quarter 2005, down $3.7 billion from the preceding quarter.
Mortgage Refinance Application Down
Washington, D.C., October 12, 2005--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 7.
Report Compares European & North American Flooring
Wilmslow, U.K., October 12, 2005—Textiles Intelligence issued a research report today indicating striking differences in the structure of companies in the floorcovering sector in Western Europe compared with that of North America.
Sphinx Intros New Collections, Expands Others
Dalton, GA, October 12, 2005--Sphinx by Oriental Weavers will debut two new handcrafted collections and additions to each of its three licensed product lines at the upcoming International Home Furnishings Market in High Point.
NAR: Home Sales Forecast Looking Stronger
Washington, D.C., October 12, 2005--The forecast for home sales has trended up as the year progressed, fueled lately by added demand resulting from the impact of recent hurricanes, according to the National Association of Realtors.
FOMC Minutes Show Fed Leaning Toward More Hikes
Washington, D.C., October 12, 2005--Federal Reserve policy makers grew more concerned about inflation after Hurricane Katrina and said that interest rates would probably have to move higher to restrain prices, according to minutes of the central bank'
NRF Welcomes Panel's Rejection of National Sal
Washington, DC, October 12, 2005 — The National Retail Federation welcomed today’s decision by the President’s Advisory Panel on Federal Tax Reform to reject proposals to replace the federal income tax system with a controversial National Retail Sales Tax