Pier 1 Drops on Downgrade
New York, NY, May 2, 2006--Pier 1 Imports Inc., shares slumped on Monday, weighed by a bearish note from Lehman Brothers saying sharply higher energy prices would pressure the retailer's budget-minded customers.
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.
Sears Defends offer for Sears Canada
Hoffman Estates, IL, May 2, 2006--Sears Holdings Corp., denied that shareholders Scotia Capital and Bank of Nova Scotia, which backed its plan to completely acquire Sears Canada, were acting on its behalf.
USG Joins Environmental Alliance
Chicago, IL, May 2, 2006--Leading building materials manufacturer USG Corporation has joined the Alliance for Sustainable Built Environments.
Layoffs Down in April
Chicago, IL, May 2, 2006--Employers in April, for the fourth consecutive month, planned fewer job cuts than in the preceding 4-week period.
Forbo Shareholders Approve Board Recommendations
Zug, Switzerland, May 1, 2006--Recommendations of the board of directors were approved by a large majority at the 78th Annual General Meeting of Forbo Holding AG, held here last week.
Florida Legislation Fuels Rumors of Home Depot HQ
Atlanta, GA, May 1, 2006--A tax incentive bill passed by the Florida Legislature is fueling--or at least perpetuating--a rumor that Home Depot might consider moving its headquarters away from Atlanta.
Steelcase Launches Healthcare Focused Organization
Grand Rapid, MI, May 1, 2006--Steelcase Inc., announced the launch of Nurture by Steelcase, a new organization focused on the healthcare environment.
Armstrong Workers Approve Union Contract
Beverley, WV, May 1, 2006--Union workers at one of Randolph County's largest employers have ratified a contract offer, averting a possible strike, a union official said Saturday.
Iran: Controls Needed for Rug Supply
London, England, May 1, 2006--Iran controls a major portion of the world’s hand-woven carpet supply, said a carpet industry official, adding, however, that the country does not have leverage over pricing mechanisms.