NRF Projects 5% Growth in Holiday Sales
Washington, DC, September 21, 2005--On the heels of the strongest holiday season in five years, retailers can expect moderate holiday sales growth this year.
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.
OnLine Help-Wanted Ads Up in August
New York, NY, September 21, 2005--The number of new online job ads rose to 2,130,000 in the month of August, according to The Conference Board Help-Wanted OnLine Data Series™.
Perpetual Machine Acquires Lessco
Dalton GA, September 21, 2005--Perpetual Machine Company (PMC) announced the completion of the asset acquisition of Lessco, a Dalton-based manufacturer of carpet, rug and textile manufacturing equipment.
Federated to Cut Up to 6,200 Jobs, Drop Marshall F
Cincinnati, OH, September 21, 2005--Federated Department Stores said it is planning to cut up to 6,200 jobs beginning next year and change all 62 Marshall Field's stores to the Macy's name.
WarmlyYours’ Georges Selvais Honored
Buffalo Grove, IL, September 21, 2005 – Georges Selvais, co-founder and General Manager of WarmlyYours, was honored at a recent dinner held in Chicago in recognition of his 10 years of contributions to the advancement of floor warming technologies.
Fed Hikes Rates to 3.75%
Washington, DC, September 21--The Federal Reserve raised interest rates again, saying Hurricane Katrina could fuel inflationary pressures but does not pose a persistent threat to the economy.
Patcraft Intros Strut Your Stuff
Dalton, GA, September 21, 2005--It goes without saying that a carpet with a provocative name like Strut Your Stuff should offer a visually striking profile, and that’s surely true of Patcraft Commercial Carpet’s latest offering.
Omnova Posts 3Q Profit
Fairlawn, OH, September 20, 2005--Omnova Solutions Inc. posted a profit in the third quarter profit on a 2 percent jump in sales, but the company still fell short of analyst’s estimates.
Lehman Bros. Initiates Coverage on Mohawk
New York, NY, September 20, 2005--- Lehman Brothers analyst Steven A. Fockens initiated coverage of Mohawk Industries with an "equal-weight" rating. The target price was set at $89.
Report: Domo to Pull out of Chemicals, Focus on Ca
Ghent, Belgium, September 20, 2005-—According to a report in Chemical Week, Domo is planning to pull out of the chemical business to focus on the production of carpets.