December Retail Results Respectable
New York, NY, January 5, 2006--December results from the nation’s major retailers revealed a somewhat mixed bag, but overall results appeared to meet or surpass expectations.
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.
Jobless Claims Drop to 5-Year Low
Washington, DC, January 5, 2006--The number of people filing for unemployment benefits dropped by 35,000 to a seasonally adjusted 291,000 in the week ending Dec. 31, the lowest since September 2000, according to a Labor Department report.
Mohawk Laminate Intros Offer New Styles, New Insta
Dalton, GA, January 5, 2006--Mohawk laminate introductions for 2006 feature a new locking system and rich, bold styling with lots of texture designed to appeal to a broad spectrum of buyers.
Irish Tile Chain Buys Tiles R Us
Cork, Ireland, January 5, 2006--Tile chain Right Price Tiles has bought Tiles R Us in Britain, in its first foray across the Irish Sea. The value of the deal has not been disclosed but Tiles R Us went into administration last month with debts of 15 millio
Layoffs Up 3.1% in 2005
Chicago, IL, January 5, 2006--Job cuts by U.S. corporations increased 3.1% in 2005 to 1.07 million, the first annual increase since 2001, outplacement firm Challenger Gray & Christmas said Thursday.
Factory Orders Up 2.5% in November
Washington, DC, January 4, 2006--Factories rose 2.5 percent in November, in line with forecasts, as strong demand for civilian aircraft offset weakness in cars and machinery, a Commerce Department report showed on Wednesday.
NewSpring Capital Invests in The Matworks
King of Prussia, PA, January 4, 2006--NewSpring Capital’s mezzanine fund, NewSpring Mezzanine Capital, L.P., has provided $3.5 million to assist management in acquiring the assets of Janitex Rug Service Corporation.
Linens 'n Things Deal Gets Antitrust Approval
Washington, DC, January 4, 2006--Antitrust authorities said on Tuesday they approved plans by Linens 'n Things Inc., to be taken over by private equity firm Apollo Management L.P., and its affiliates.
Mohawk Launches Optiback Carpet Backing
Dalton, GA, January 4, 2006--Not all of Mohawk’s new carpet innovations are on the visible side of the carpet. One of the most important is one that consumers may never see.
J.P. Morgan Cuts Lowe’s on Housing Slowdown
New York, NY, January 4, 2006--J.P. Morgan cut retailer Lowe's Companies to neutral from overweight, citing a slowdown in home sales.