Durable Goods Orders Off 2.8%
Washington, DC, April 27--Orders for durable goods in March were off 2.8% in March, the largest drop since September 2002, according to the Commerce Department.
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.
Study: In Housing, Canadians Prefer Bigger
Toronto, ON, April 27--Nearly half of of Canadians who plan to buy a home in the next two years intend to buy one that is bigger than the home they currently reside in.
Sears Cuts Headquarters Jobs
Hoffman Estates, IL, April 27--Sears has started a major wave of layoffs at its in the wake of last month's merger with Kmart Holding Corp.
Home Depot Leases Warehouse Space in Chicago Area
Atlanta, GA, April 27--Home Depot signed a lease for a new 800,000 square foot distribution center in Bolingbrook, Illinois, according to a report in the Chicago Tribune. The company will now have 3 million square feet of warehouse space under lease in th
CVC Officially Withdraws EU Notification of Forbo
Brussels, Belgium, April 27--CVC European Equity Partners has withdrawn its notification to the European Commission of its proposed acquisition of Swiss flooring and adhesives manufacturer Forbo Holdings AG.
Honeyman Named President of Springs’ Decorative Fl
Fort Mill, S.C., April 27--Kris Honeyman was appointed president of Springs Industries’ decorative flooring division, where he reports to Tom O'Connor, executive vice president.
New Zealand Sheep Farmers Reject Apparel Funding P
Auckland, NZ, April 27--New Zealand's sheep farmers have rejected paying for an international pilot program in apparel marketing.
Steve Cratch Joins Penn Wood Products Company
East Berlin, PA, April 27--Steve Cratch has been named Sales & Marketing Representative for Penn Wood Products Company.
Stanley Furniture Earnings Up in 1Q
Stanleytown, VA, April 26--Stanley Furniture Co. Inc. reported an increase in first quarter earnings, helped by higher sales and improved operating efficiencies.
Chain Store Sales Off Last Week
New York, NY, April 26--Chain store retail sales slipped in the latest week, as cooler weather slowed the demand for spring apparel and other seasonal goods.