Costco Abandoning Home Furnishings Store Concept
Kirkland, WA, April 2, 2009--Costco Wholesale Corp. joined other major retailers and said it's shutting its two Costco Home stores.
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.
Pending Home Sales Rise in February
Washington, DC, April 1, 2009--New sales contracts on existing homes rose a seasonally adjusted 2.1% in February amid improved affordability and stimulus incentives, according to the National Association of Realtors.
H.B. Fuller's Income Falls 66% in First Quarter
St. Paul, MN, April 1, 2009--Adhesives maker H.B. Fuller Co.'s first-quarter net income dropped 66% on lower sales and margins because of the global economic downturn.
Electronic Device Tracks Wood Floors Over Time
Vienna, Austria, March 31, 2009--RFID chips are being imbedded in wood flooring to help flooring contractors measure floor temperature, timber moisture and subsoil humidity over extended periods of time.
Decline in Construction Shows Signs of Moderating
Washington, DC, April 1, 2009--U.S. construction spending was better than expected in February, a government report on Wednesday said, suggesting that the pace of deterioration was start to moderate.
Solutia Sells Nylon Business To PE Firm
St. Louis, MO, April 1, 2009--Solutia Inc. said it will sell its nylon business to an affiliate of SK Capital Partners II, L.P., a New York-based private equity firm that is focused on the chemical, material and health care sectors.
Pace of Manufacturing Decline Slows in March
Tempe, AZ, April 1, 2009--The Institute for Supply Management said that its measure of the health of the manufacturing sector contracted for the 14th straight month in March, but at a slower pace than expected.
Layoff Announcements Fall Second Straight Month
Chicago, IL, April 1, 2009--Corporate layoff announcements slowed last month compared with February, according to an unscientific monthly tally released Wednesday by outplacement firm Challenger Gray & Christmas.
Wales Firm Begins Carpet Tile Recycling Program
Brecon, Wales, April 1, 2009--A mid Wales facilities support company has launched a carpet tile recycling arm.
Mortgage Refinancing Activity Remains High
Washington, DC, April 1, 2009--Mortgage application volume last week ticked up a seasonally adjusted 3% from the week before, as mortgage rates continued to fall, the Mortgage Bankers Association said on Wednesday.