Wholesale Inventories Inch Up 0.1% in May
Washington, DC, July 8—Wholesale inventories inched up 0.1 in May, while wholesale sales during the month were flat, 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.
Collins & Aikman Names New Chairman
Troy, MI, July 8—Auto interior and carpet company Collins & Aikman has today that it has established a new team of professionals to lead the company through the next phase of its restructuring process.
June Unemployment Drops to 4-Year Low, 146,000 Job
Washington, DC, July 8--The unemployment rate in June dropped to a 4-year low of 5% from of 5.1 percent in May as the economy produced 146,000 new jobs, according to a report from the Labor Department.
Tarkett Commercial Launches Ad Campaign
Houston, TX, July 8--Tarkett Commercial recently launched a new advertising campaign to promote the new colors and designs for NAFCO PermaStone Modular flooring.
World Market Center Secures $225M in Financing for
Las Vegas, NV, July 8--Officials with World Market Center Las Vegas, along with New York-based Ackman-Ziff Real Estate Group LLC, have announced that WMC has obtained $225 million in permanent financing from Bear Stearns Commercial Mortgage, to take out
Fleetwood Posts Loss, To Sell Retail Business to C
Riverside, CA, July 8--Manufactured housing maker Fleetwood Enterprises Inc. reported a loss for the fourth quarter and the full year.
Bentley Prince Street Products Certified As Enviro
Los Angeles, CA, July 7--All of Bentley Prince Street's standard broadloom and modular products have received Environmentally Preferable Product (EPP) Certification from Scientific Certification Systems (SCS), an independent, third-party certifier.
Hovnanian June Orders Up
Red Bank, NY, July 7—Homebuilder Hovnanian Enterprises Inc. said that new orders for homes rose 12.2 percent in June compared with June 2004.
Costco Same-Store Sales Up 9%
Issaquah, WA, July 7--Costco reported a 9 percent increase in June same-store-sales, helped by international results and the timing of the July 4 weekend.
Pending Home Sales Index Eases but Historically Hi
Washington, DC, July 7--The Pending Home Sales Index, the leading indicator for the housing market, slipped from near-record levels but remains historically high, according to the National Association of Realtors.