GDP Slows to 3.1% in 1Q
Washington, DC, April 28—-Gross domestic product in the first quarter grew at a 3.1% seasonally adjusted annual rate, according to estimates from 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.
Hardwood Flooring Shipments Pulled Down By Housing
Memphis, TN, April 28--Hardwood flooring shipments for March 2005 are reported at 53,617,000 board feet, a significant drop (10.8%) from the shipments reported for the same period a year earlier.
Sport Court International Signs Deal With Asian Fo
Salt Lake City, UT, April 27--Sport Court International, producer of performance sport flooring and outdoor game courts, today announced it has signed a three-year association with the Asian Football Confederation.
CMI's Simply Home Wins ADEX Award
Pawtucket, RI, April 26--cmi (Colonial Mills, Inc.) announced that its simply home rug collection and Center Field design has received Design Journal’s 2004-‘05 ADEX (Awards for Design Excellence) Platinum Award in the Residential Rug - Polypropylene cate
Lanxess to Cut up to 1,200 Jobs
Leverkusen, Germany, April 27--Lanxess, the German chemicals company which went public recently, has revealed that it intends to cut up to 1,200 jobs.
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Brussels, Belgium, April 27--CVC European Equity Partners has withdrawn its notification to the European Commission of its proposed acquisition of Swiss flooring and adhesives manufacturer Forbo Holdings AG.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.
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.
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.