Wholesale Inventories Decline, Sales Rise
Washington, DC, June 6, 2008--Wholesale inventories posted their first decline in more than a year, as wholesale sales rose more than twice as fast as expected, the Commerce Department said.
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.
Omnova Solutions Raising Prices Again
Fairlawn, OH, June 6, 2008--Omnova Solutions is raising prices by $0.20 per dry pound on styrene butadiene latex for carpet and related markets, effective June 9.
Propex Raising Prices 6% as Costs Increase
Chattanooga, TN, June 5, 2008--Propex Inc., the major supplier of primary and secondary carpet backing to the carpet industry, said it will raise prices 6 percent effective July 2.
Persian Rug Sold at Auction for $4.45 Million
Providence, RI, June 6, 2008--A silk Persian rug dating from the 16th or 17th century has sold for a record $4.45 million at auction.
Mohawk To Feature Aggressive Hardwood Rollout
Dalton, GA, June 5, 2008--Mohawk is ramping up its most aggressive hardwood rollout ever on the heels of its purchase of Columbia Wood Flooring last year.
Faus Now Selling Directly to Specialty Retailers
Calhoun, GA, June 5, 2008--As of June 3, Faus has changed its distribution strategy and is going directly to the specialty retailers.
Milliken Named to 'Most Ethical' Companies List
Spartanburg, SC, June 4, 2008--The Ethisphere Institute named Milliken & Company to its second annual World's Most Ethical Companies for the second year.
Shaw, Crossville Win Product Awards at HD Show
Atlanta, GA, June 5, 2008--The Hospitality Design Exposition & Conference in Las Vegas May 14-17 gave several awards.
Foreclosures, Late Payments, Hit Record in Q1
Washington, DC, June 5, 2008--Home foreclosures and late payments rose to record highs over the first three months of the year, according to the Mortgage Bankers Association.
Initial Jobless Claims Fall
Washington, DC, June 5, 2008--Initial jobless claims showed an unexpected improvement last week although the government report showed that unemployed workers are having a tough time finding jobs.