Collins & Aikman Files for Bankruptcy
Troy, MI, May 18--Collins & Aikman Corp. filed for Chapter 11 bankruptcy protection Tuesday, the latest auto supplier to fall victim in a climate of high costs and stiff competition.
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.
Paris Hosts Iran Handwoven Carpet Exhibition
Paris, France, May 18--An exhibition of Iranian handwoven carpets kicked off here on Tuesday.
Hotel Construction Rises Again in 2005 1Q
Portsmouth, NH, May 18--Lodging Econometrics reported in the latest edition of its subscription Lodging Development Forecast and Trends Report that total projects in the construction pipeline at the end of 1Q 05 were 2,388 hotels having 322,177 rooms, the
Industrial Production Falls 0.2% in April
Washington, DC, May 17--Industrial production fell 0.2 percent in April after an increase of 0.1 percent in March.
Housing Starts Rose 11% in April
Washington, DC, May 17--The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2005.
US Chain Store Sales Fall 1% Last Week
New York, May 17--U.S. chain store retail sales fell in the latest week putting the index reading at its lowest in three weeks, as cooler temperatures continue to hurt the demand for warm-weather clothing, a retail report said on Tuesday.
Mannington Launches Handscraped Hardwood Line
Salem, NJ, May 18--Mannington Mills takes its cue from the continuing popularity of rustic interior design trends with a new look in hardwood flooring.
Pakistan Carpet Producers Demand Rebate on Exports
Lahore, Pakistan, May 17--Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has demanded that the government allow 6. 5 per cent duty draw back/rebate on carpet exports.
PPI Index Climbs 0.6% in April
Washington, DC, May 17--The Producer Price Index for Finished Goods advanced 0.6 percent in April, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.
Flooring America Hosts Seminar to Maximize Profits
St. Louis, MO, May 17--On July 13-14 in Dallas, TX, Flooring America will host one of their last seminars for 2005.