S&P Cuts Pier 1 Imports Rating
New York, July 19--Standard & Poor's on Monday cut its ratings on Pier 1 Imports to junk status, citing weak operating performance and uncertainty about the success of new marketing efforts.
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.
NWFA Announces 2006 Wood Floor of the Year Call fo
St. Louis, MO, July 18--The National Wood Flooring Association is accepting entries for its 2006 Wood Floor of the Year Contest.
Increasing Prices Hurting Persian Carpet industry
London, England, July 18--The greatest challenge to the Persian carpet industry is the high prices of hand-woven rugs, which have reduced the national industry’s competition power at the international level.
3M 2Q Earnings Up
St. Paul, MN, July 18--3M Co. posted a higher quarterly profit and raised the bottom of its full-year profit forecast as it expects sales to continue to accelerate.
South Carolina Attorney General Investigating Floo
Columbia, SC, July 18--An exclusive contract with a company that provided carpeting and other flooring for state buildings is under investigation by the attorney general's office, according to The State.
Consumer Sentiment Up in July
Ann Arbor, MI, July 15--The University of Michigan's preliminary consumer sentiment index for July rose to 96.5 from 96 in June.
Honeywell Facility Featured for its Environmental
Dalton, GA, July 15--Honeywell Nylon’s Columbia, S.C., manufacturing site was recently featured on the cover of Index of Waste Minimization Resources for South Carolina Industries.
Precision H2O Creates School Logo
Spokane, WA, July 15--In the summer of 2004, the Cimarron Middle School of Edmond, Oklahoma, renovation began with the hopes of creating a more innovative building design.
Producer Prices Unchanged in June
Washington, DC, July 15—-The producer price index for June was unchanged despite higher energy prices, as the core rate fell 0.2%, according to the a Labor Department report.
Business Inventories Up 0.1%
Washington, DC, July 15—-Business inventories rose 0.1% in May, to $1.3 billion, according to a Commerce Department report.