June Retail Sales Off 0.9%
Washington, DC, July 13, 2007—Retail sales declined 0.9% in June, according to the Commerce Department. The drop was the largest since August 2005.
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.
Gulistan Intros Several Rug Groups
Pinehurst, NC, July 13, 2007--Gulistan Carpet, having launched its first area rug collection roughly three years ago, is finding its footing with styles that combine luxury, softness and contrasting textures in sophisticated, tonal floor coverings.
World Market Center Hosts Rep Appreciation Day
Las Vegas, NV, July 13, 2007--World Market Center is planning to roll out the red carpet exclusively for furniture industry sales representatives prior to the start of the Summer 2007 Las Vegas Market.
Fitch Cuts ServiceMaster Ratings
New York, NY, July 13, 2007--Credit-ratings agency Fitch Ratings on Monday downgraded some ratings for ServiceMaster Co., and said it will end ratings coverage on the company when it goes private.
Solutia Names Doc Award Competition Judges
Kennesaw, GA, July 13, 2007— The Solutia Ultron carpet fibers business has announced the judges for the 2007 Doc Award Competition.
Fitch Downgrades Home Depot
Chicago, IL, July 13, 2007--Fitch Ratings has downgraded its ratings on Home Depot as follows: --Issuer Default Rating (IDR) to 'BBB+' from 'A-'; --Bank facility to 'BBB+' from 'A-'; --Senior notes to 'BBB+' from 'A-'.
Two Sentenced in Mohawk Fraud Case
Calhoun, GA, July 13, 2007--Two local businessmen pleaded guilty to their roles in a scheme that defrauded Mohawk Industries of several hundred thousand dollars.
Alloc President Wennerth Resigns
Racine, WI July 11, 2007-- Alloc Inc. has announced that Claes Wennerth has resigned his position as president of the company to pursue other interests.
ABC Marks Summer of Love's 40th
New York, NY, July 12, 2007--ABC Carpet and Home is marking the 40th anniversary of the Summer of Love with new kaleidoscopic hand-woven semi-antique and vintage rugs.
H.B. Fuller OKs $100M Share Buyback
St. Paul, MN, July 12, 2007--H.B. Fuller said its board authorized a share buyback of up to $100 million of its common stock and backed its outlook for 2007 earnings from continuing operations.