Online Shopping Traffic up 26%
San Francisco, CA, December 30--Visits to Web shopping and classifieds sites jumped 25.6 percent from the year-ago holiday season and peaked on Thanksgiving Day, Internet research company Hitwise said.
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.
Help-Wanted Advertising Index Dips
New York, NY, December 30--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America's job market – dipped one point in November. The Index now stands at 36. It was 38 one year ago.
Forecasters See Slower Growth in 2005
Washington, DC, December 30--Despite soaring oil prices and a slumping dollar, the United States enjoyed a banner year in terms of economic growth in 2004, but the new year is likely to see a significant slowdown, private economists say.
Bayer: Lanxess Plans $27.2M in Cuts In 2005
Frankfurt, Germany, December 29--Bayer AG's Lanxess unit said Tuesday it plans cost savings of around EUR20 million ($27.2M)in 2005.
U.S. Xpress to Exercise Over-Allotment Option
Chattanooga, TN, December 29--U.S. Xpress Enterprises said its underwriters of its recent public offering have exercised their over-allotment option to purchase an additional 600,000 shares of the company's Class A common stock.
Persian Carpets on Display During Iran Trade & Tou
United Arab Emirates, December 29--Among the Iranians, the carpet business has long been a closely guarded family tradition, with fathers passing over the knowledge and skills to their sons.
Flooring America Returns to Surfaces
St. Louis, MO, December 29--Flooring America will participate in Surfaces, the flooring industry’s premier annual trade show, on January 26-28, 2005 in Las Vegas, NV.
Online Holiday Sales Up of 28%
New York, NY, December 29--Online sales surpassed the high range of estimates this year, thanks to a rush of last-minute shoppers who snapped up iPods, computers and the occasional power drill.
Demand for Office Furniture Recovering
New York, December 29--High steel costs are still hurting the bottom line at U.S. office furniture companies, even as sales hit their highest levels in years.
Home Depot to Sell Appliances Online
Atlanta, GA, December 28--Home Depot said it is expanding its store based home appliance business through a new online initiative that allows consumers to purchase more than 1,800 products from the company’s recently enhanced website.