Penney to Open 50 New Stores Per Year
Plano, TX, April 20, 2006--J.C. Penney Co., executives said Wednesday that the department store chain will boost earnings and open 50 new stores per year, its most aggressive expansion in more than two decades.
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.
Tarkett AG Denies Illegally-Sourced Merbau
Jakarta, Indonesia, April 19, 2006--According to a report from Dow Jones, Tarkett AG denied recent allegations by environmental groups that the firm sells illegally-sourced merbau hardwood from Papua province, Indonesia.
IICRC S500 Standard Accepted by ANSI
Vancouver, WA, April 18, 2006--The Institute for Inspection, Cleaning and Restoration Certification (IICRC) today announced that the IICRC S500 Standard and Reference Guide for Professional Water Damage Restoration received acceptance by the American Nati
Housing Starts Off 7.8%
Washington, DC, April 18, 2006--Housing starts dropped 7.8% to a seasonally adjusted annual rate of 1.960 million units in March, the lowest level in a year, according to the Commerce Department.
Federated to Add 400 Macy's
Washington, DC, April 17, 2006--Federated Department Stores said it expects to add 400 Macy's department store locations nationwide in the current fiscal year ending Feb. 3, 2007.
Formica Flooring Re-launches
Barnwell, S.C., April 17, 2006--Formica Flooring re-launched nationwide today, returning the high-end laminate flooring brand to specialty retail stores. The brand is backed by extensive distribution agreements that ensure distributors and retailers of ac
Coverings 2006 Attendance Up, 5 Key Industry Segme
Alexandria, VA, April 14, 2006--Overall total registered attendance at the tile and stone expo, Coverings 2006, surpassed previous years, with 33,649 registrants in Orlando for the four-day event.
Retail Sales Up 0.6%
Washington, DC, April 13, 2006--Retail sales increased 0.6% in March, the Commerce Department said Thursday, with unexpected strength in auto and building materials sales.
Consumer Sentiment Up in April
Ann Arbor, MI, April 13, 2006--Consumer sentiment edged higher in April, helped by a stronger labor market and rising equity prices, a report showed on Friday.
NAR: Housing Market to Stay on High Plateau
Washington, DC, April 12, 2006--Home sales should generally level-out and remain at historically high levels, according to the National Association of Realtors.David Lereah, NAR’s chief economist, said mortgage interest rates are trending up but will rema