Trade Deficit Narrows in March
Washington, DC, May 11--The deficit narrowed by 9.2% in March to $55 billion. This is the lowest trade deficit since last September and the largest monthly decline since December 2001.
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.
Vacuum Study Tackles Asthma Misconceptions
Perth, Australia, May 11--To most of us it is a chore but for two Western Australian researchers, the humble practice of vacuum cleaning is a scientific passion.
3M Reaffirms 2005 Earning Guidance
St. Paul, MN, May 11--3M Co. reaffirmed its 2005 earnings guidance on Tuesday despite what it called slowing growth in the global economy.
Clayton Miller & Tricycle Lead Hospitality Sector
Chattanooga, TN, May 10--Clayton Miller and Tricycle, Inc. have teamed together to offer fast, accurate carpet samples to the hospitality industry and to help curtail the high cost of strike-offs.
Mohawk ColorCenter and FloorScapes Retailers Partn
Dalton, GA, May 10--Mohawk has become an Industry Partner with the American Society of Interior Designers (A.S.I.D.).
Home Sales to Benefit From Slower Mortgage Interes
Washington, DC, May 10--Mortgage interest rates have been trending up less than expected, a pattern that should continue through next year.
Louisiana Primed for Flooring Industry
Baton Rouge, LA--May 10--According to a study of Louisiana’s forest population, the state has abundant timber resources available to establish the manufacturing of High Density Fiberboard (HDF) laminate flooring.
Chain Store Sales Up 0.7% Last Week
New York, NY, May 10-—Chain store sales were up 0.7% in the week ended May 7 compared with the week before, on a seasonally adjusted, comparable-store basis.
May Department Store’s 1Q Earnings Drop
St. Louis, MO, May 10--May Department Stores, which has agreed to be acquired by Federated Department Stores, reported earnings of $41 million, or $0.13 per share, versus $76 million, or $0.24 per share, in the same period a year earlier.
Shaw Intros Second Collection of ClearTouch Styles
Dalton, GA, May 10--In the wake of the company’s successful launch of its ClearTouch PET styles, Shaw is introducing a variety of new products that expands the range of construction options for the innovative fiber system.