Business Inventories Up in May
Washington, July 15--Businesses increased their stockpiles in May, but the inventory growth failed to keep pace with steadily rising demand.
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.
Lowe's CFO: Plenty of Room to Grow
Boston, MA, July 15-- Because Lowe's Cos. and its largest competitor have just 22% of the home improvement market share, there is plenty of room for the company to grow, Chief Financial Officer Bob Hull said.
Faus Adds Technical Director
Dalton, GA, July 15--Faus Group, Inc. has appointed Stan McMackins the National Technical Director.
Producer Prices Ease in June
Washington, July 15--Inflation in the production pipeline eased in June as economic activity cooled, validating the Federal Reserve's judgment that it will not need to raise interest rates aggressively this year.
CRI Launches International Flooring Science Resou
Dalton, GA, July 15--The Carpet and Rug Institute (CRI) today announced the launch of the International Flooring Science Resource Center. The website will serve as the home for the new peer reviewed publication the International E-Journal of Flooring Scie
Solutia Explores Sale of Pharmaceutical Business
St. Louis, July 14--The European subsidiary of bankrupt chemicals concern Solutia Inc. has tapped an investment banking firm to help explore the possible sale of its pharmaceutical services business.
Mohawk Laminate Offers Unique Sound Reduction Prop
Dalton, GA, July 14--Mohawk's Harper's Mill laminate improves floor covering by borrowing ideas from the automotive industry.
Faus Intros New Transition System
Dalton, GA, July 14-- Faus Group, Inc. introduced the new Fastrim Multi-Transition System. The single SKU features five transitions.
Retail Sales Drop 1.1% in June
Washington, DC, July 14--Retail sales reversed course in June, taking a surprisingly sharp drop as the auto sector showed considerable weakness.
Linens 'n Things Cuts Outlook
Clifton, NJ, July 14--Home decor retailer Linens 'n Things Inc. cut its second-quarter profit forecast, mainly hurt by a decline in store traffic in May.