Great Floors Opens New Washington Location
Spokane, WA, May 15, 2006--There were no red carpets rolled out for the opening of the new Great Floors building in Spokane Valley, according to the Spokane Spokesman-Review.
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.
Target 1Q Earnings Up
Minneapolis, MN, May 15, 2006--Target Corp., posted a 12 percent increase in first quarterly earnings, helped by strong Easter holiday and spring season sales, and big gains from its credit card business.
Metro Home Prices Begin to Cool but Appreciation R
Washington, DC, May 15, 2006--The growth in single-family home prices continued to cool in the first quarter, but many metropolitan areas are still showing double-digit annual gains, according to the latest survey by National Association of Realtors.
May Empire State Index Slips
Washington, DC, May 15, 2006--Manufacturing activity in the New York area expanded at a slower pace in May, the New York Federal Reserve Bank said Monday.
Iran Loses Major Share of Carpet Market
Tehran, Iran, May 15, 2006--According to Tehran Times, lack of quality and production control has cost Iran an eighty percent loss in Afghanistan's carpet market, said a textile industry official.
Interface Rallies on Upgrade
New York, NY, May 15, 2006--Interface Inc., shares rallied on Monday, after brokerage Raymond James upgraded its rating on the company, calling a recent sell-off of its shares unjustified.
Dixie Cranks Up New Plant
Eton, GA, May 15, 2005--According to a the Chattanooga Times, the problem Dan Frierson had a year ago was one any CEO would envy--his carpet company, The Dixie Group, had too much business.
Domotex Middle East Sells Out
Dubai, United Arab Emirates, May 15, 2006--Domotex, Middle East, the specialist carpets and flooring trade show due to debut in Dubai this May, has sold out within just months of its launch.
SPI Floors to Open Distribution Center in Henderso
Henderson, SC, May 15, 2006--A subsidiary of the nation's largest wholesaler of flooring products has chosen Henderson, N.C., for its newest distribution center.
Hakatai Glass for Architects' Own Home
Ashland, OR, May 12, 2006--Hakatai Enterprises, Inc., importers and distributors of glass tile, once again teamed up in the Los Angeles area with Fung + Blatt Architects.