Wholesale Inventories Decline in April
Washington, DC, June 9--Inventories at U.S. wholesalers fell in April, their first decline since August 2003, while sales at the wholesale level posted another healthy monthly gain.
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.
Carpet One Launches New Curriculum
Manchester, NH, Jun. 9--This summer, Carpet One is rolling out two new courses at Carpet One University, the floorcovering retailer’s proprietary training program for its store owners and their employees.
Pergo Lands State Funds for its $36M Expansion
Garner, NC, June 9--Laminate flooring firm Pergo Inc. will receive $100,000 in One North Carolina Funds from the state as part of the Swedish company's plans to expand its Garner operations.
Tricycle to Show Sustainable Carpet Sampling Pract
Chattanooga, TN, Jun. 9--Tricycle, Inc. is featuring sustainable carpet sampling practices from some of commercial carpet’s best-known brands at NeoCon this month.
Domco Announces Price Increases
Farnham, Quebec, Jun. 9--Domco will increase prices from 2% to 6% on selected resilient flooring products, effective August 1, 2004.
KB Home Buys Midwestern Homebuilder
Los Angeles, CA, Jun. 8--Furthering the company's Midwest expansion, KB Home reported Tuesday it acquired privately held Dura Builders Inc., an Indianapolis-based homebuilder with 2003 revenues of more than $75 million.
2004 Could Be Record Year for Existing-Home Sales
Washington, DC, Jun. 9--Unexpectedly strong job growth will buffer the impact of higher interest rates and help to push existing-home sales to a record in 2004, according to the National Association of Realtors.
Shaw Launches the New Couture
Dalton, GA, June 8--Shaw has announced the introduction of Couture...Elegant Floors by Shaw, an updated version of Couture by Sutton.
Consumer Borrowing Growth Slows
Washington, DC, Jun. 8--Consumers slowed the growth of their borrowing in April, taking on even less new debt than analysts expected.
Greenspan: Fed Ready to Do What's Needed to St
Washington, DC, June 8--Federal Reserve Chairman Alan Greenspan said the central bank ``is prepared to do what is required'' to stem inflation pressures building in the U.S. economy.