Economy Expected to Gain Momentum in 2nd Half
New York, August 2--Many economists expect the U.S. economy to regain momentum after slowing in the second quarter, but those forecasts hinge on a fall in energy prices that so far has proved elusive.
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.
Sears Holds 'Grand' Opening in Las Vegas
Las Vegas, July 27--From milk to refrigerators, shoppers are in for a new kind of shopping experience at Sears Grand in Las Vegas, Nev.
Mohawk Cushion Offers Value-Added Features
Dalton, GA, July 15--Mohawk carpet cushion products give retailers plenty of merchandising and step-up sales opportunities, with strong value-added features including life-of-the-home warranties.
May Calls Off Buybacks
St. Louis, MO, July 15--May Department Stores is suspending indefinitely its $500 million share-buyback program, the company said Wednesday.
Wisconsin Retailer Gets Surprise Call
Fond du Lac, WI, July 14--When the Bush-Cheney campaign and the trailing media throng rolls into town today, they will eat and walk all over some of the best Fond du Lac has to offer, according to the Fond du Lac Reporter.
Survey: Companies Upbeat About 2nd Quarter Profits
Washington, DC, July 7--A higher percentage of U.S. companies saw profit margins widen last quarter, making businesses ``upbeat'' about the rest of the year, according to a survey by the National Association for Business Economics.
Sports Courts Acquired by Equity Firm
Austin, TX, June 17--The Riverside Co., a New York-based private equity firm, has acquired Sport Court Inc., a subsidiary of Leander-based American Sports Products Group Inc, according to the Austin Business Journal.
Industrial Production Jumps in May
Washington, DC, June 16--Industrial output surged in May, posting its biggest one-month rise in nearly six years, the Federal Reserve said today.
South Korean Firm Makes Carpet With PTT Fiber
Seoul, South Korea, Apr. 8--Hyosung Corp. has developed a carpet using Poly Trimethylene Terephthalate (PTT).
Second Costco Home Store Planned
Tempe, AZ, Mar, 26--Costco Wholesale, the membership-warehouse retailer, will build the second store of its fledgling Costco Home chain near its Tempe store.