CRI Announces Promotions
Dalton, GA, Dec. 5--Werner Braun, president of The Carpet and Rug Institute (CRI), announced today that Ken McIntosh has been named Senior Director for Technical Services for the national trade association.
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.
Unemployment Rate Drops
Washington, DC, Dec. 5--The unemployment rate dropped to an eight-month low in November even as employers slowed the pace of hiring.
Leading Retailers Report Mixed Sales
New York, NY, Dec. 5--Hopes for a robust holiday shopping season faded Thursday after the nation's retailers reported mixed results for the Thanksgiving weekend and all of November.
Analysts Predict Great Year For Online Shopping
Baltimore, MD, Dec. 5--Internet shopping--a fast-growing phenomenon but still a sliver of total retailing--may be seeing a breakthrough this holiday shopping season.
Wal-Mart's Same Store Sales Up
Bentonville, AR, Dec. 4--Wal-Mart Stores' November same store sales rose 3.9%, even with Wall Street's estimate, but comparable sales growth at both the Wal-Mart and Sam's divisions wasn't as strong as expected.
Monsanto: Solutia Remains Obligated Under Distribu
St. Louis, Dec 04--Solutia Inc. has notified Pharmacia Corporation and Monsanto Company that it will not be making approximately $3 million of payments in connection with settlements entered into earlier this year relating to asbestos litigation in Texas.
Home Depot Expands Bath Styles, Price Ranges
Atlanta, GA, Dec. 4--Home Depot thinks that Americans are ready to spend more on their bathrooms, so the retailer is packing its store aisles with $1,000 whirlpools and higher-priced sinks.
Shaw Announces New Environmental Policy
Dalton, GA, Dec. 4--Shaw Industries Inc. has adopted an unprecedented new environmental policy, committing the company's carpet manufacturing processes to follow nature's organic cycle of renewal.
Old Wood Gets Recycled in North Carolina
Scotland Neck, NC, Dec. 3--The old country church had been turned into a storage shed, then given over to snakes, spiders and pigeon waste, according to the NewsObserver.com
Productivity Hits 20-Year High
Washington, Dec. 3--Productivity at U.S. companies hit a 20-year high in the third quarter.