Retail Sales Fall in April
Washington, DC, May 13--Retail sales retreated more than expected during April, pulled back by an auto sector decline.
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.
New York Attorney General Shuts Down Flooring Webs
Albany, NY, May 13--The state Attorney General's office has shut down the website of Beaverhome.com, a flooring company formerly in Niagara Falls.
Home Depot Acquires Mexican DIY Chain
Atlanta, GA, May 13--Home Depot today announced it has signed a definitive agreement to acquire Home Mart, the second largest Mexican home improvement retailer.
Producer Prices Up
Washington, DC, May 13--U.S. inflation in the production pipeline stayed mild last month despite strong economic growth, validating the Federal Reserve's view that it will not need to raise interest rates rapidly this year.
Shaw Adds New Merchandising Specialists
Dalton, GA, May 12--Shaw Industries has created positions for six merchandising specialists to help retailers take advantage of the competitive benefits of promoting the Shaw brand.
Georgia Father & Son Charged in Flooring Scam
Gainsville, GA, May 12--Bond had not been paid late Tuesday for two men accused of racketeering in connection with an alleged flooring scam.
Survey: Homebuyers Spend $3,100 in First Year on I
Las Vegas, NV, May 12--On average, homebuyers spend $3,100 to improve a property within a year of moving into it, according to a study conducted by the nonprofit Home Improvement Research Institute.
Robert De Monaco, Karastan Veteran, Dies
New York, NY, May 11--Robert De Monaco, a veteran of the carpet industry for nearly half a century, including several decades with Karastan, has died on April 28.
Federated Profit Jumps
Cincinnati, OH, May 12--Federated Department Stores reported better-than-expected quarterly earnings as it sold more full-priced spring clothing and kept costs in check, and raised its forecasts for the rest of the year.
May Department Stores' Earnings Up Slightly
St. Louis, MO, May 11--May Department Stores Co. said its first-quarter net income rose 5.6%, helped by brisk sales of women's accessories, footwear and apparel.