Lane’s Acquires Manhattan Contract Dealer
New York, August 10 --Lane’s Floorcoverings, a major New York City contract dealer, has acquired Kramer Carpet Corp., another Manhattan dealership.
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.
2Q Productivity Slows
Washington, August 10-- The productivity of U.S. workers grew at its slowest pace in 18 months in the second quarter, which spurred a jump in the growth of unit labor costs from earlier this year.
UK’s Carpetright Increases Market Share
Rainham, England, August 10—U.K. Carpet retailer Carpetright improved market share during an encouraging start to its financial year, according to Scotsman.com.
Weekly Chain Store Sales Up 0.1%
New York, August 10--Chain store sales grew in the latest week thanks to state sales tax holidays, though the pace slowed from the previous period, a report said on Tuesday.
Wholesale Inventories up 1.1% in June
Washington, DC, August 9-- Wholesalers built up their inventories again in June while sales were flat, the Commerce Department estimated Monday.
Susan Buffett Estate to Sell Berkshire Shares
Omaha, NE, August 10--Berkshire Hathaway Inc. said that the estate of recently deceased Susan Buffett would sell 1,200-1,500 of the company's class A stock over the next two years to pay taxes, expenses and other cash bequests.
Oriental Weavers Names Sorrow VP Product Developme
Dalton, GA, August 9--Steven S. Sorrow has joined Oriental Weavers as vice president of product development for U.S. operations.
Carpet One Intros Biltmore Estate Wood Collection
Manchester, NH, August 9-- Carpet One has announced the upcoming introduction of Anderson Hardwood Floors' new Biltmore Estate for Your Home Collection this fall.
Keith Rhodes Opens 2nd GCO Outlet in Mississippi
Gulfport, MS, August 9--GCO Flooring Outlet will open a second location in the old Kmart building on U.S. 90 in Gautier.
Mohawk Offers Truck Mounted Carpet Cleaning System
Dalton, August 8--Mohawk now has a turnkey system that allows a retailer to quickly start a carpet cleaning business and create a new profit center.