Home Depot Closing Stores in Rust Belt
Atlanta, GA, May 2, 2008--Home Depot said it is closing 15 underperforming stores and will postpone the opening of 50 new stores nationwide.
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.
Job Cuts Fewer Than Expected in April
Washington, DC, May 2, 2008--Employers cut fewer jobs in April expected and the unemployment rate dropped to 5 percent, the Labor Department said Friday.
Orders for Manufactured Goods Rose in March
Washington, DC, May 2, 2008--U.S. manufacturers saw demand for their products increase in March, according to the Commerce Department.
Manufacturing Continues To Contract in April
Washington, DC, May 2, 2008--Manufacturing contracted in April for the third straight month, according to the Institute for Supply Management.
Shaw Closing a Carpet Finishing Line
Ringgold, GA, May 1, 2008--Shaw Industries is closing a carpet finishing line inside a rug plant in Ringgold, Ga.
Classic Tile To Distribute Faus Products
Calhoun, GA, May 2, 2008--Faus Group Inc. said it has signed an agreement with Classic Tile in the Northeast region to distribute its laminate products. The new partnership began April 28.
Pfleiderer Gets Buy Rating in Germany
Düsseldorf, Germany, May 2, 2008--The securities experts of Wertpapier have put a buy rating on shares of Pfleiderer AG.
Wheat Inducted Into WFCA Hall of Fame
Chattanooga, TN, May 1, 2008--Terry Wheat, a pioneering retailer and entrepreneur in two connected but very different ventures was inducted last night into the World Floor Covering Association (WFCA) Flooring Industry Hall of Fame.
Former Owner, Counsel of Carpet Chain Convicted
Cincinnati, OH, May 2, 2008--The former owner and the in-house counsel of Ohio-based Buddy's Carpet were convicted of tax fraud.
Initial Jobless Claims Surge Beyond Expectations
Washington, DC, May 1, 2008--Initial jobless claims for state unemployment benefits surged 35,000 to 380,000 in the week ending April 26, the Labor Department said Thursday.