Business Sales Up, Inventories Steady
Washington, DC, August 11--Businesses inventories held steady in June and rising sales pushed the stocks-to-sales ratio down to a record low, the government said on Thursday.
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.
UK Retailer Carpetright Under Fire from Investors
Rainham, England, August 11--Carpetright chairman and chief executive Lord Harris is under fire from an investor lobby group for his apparent unwillingness to relinquish one of his roles.
Nature Stone to Offer Franchises in Western Pennsy
Bedford OH, August 11--Nature Stone founder/owner Russ Masetta announced the company will offer exclusive franchises in western Pennsylvania and Ohio for its stone and epoxy flooring.
Target Beats 2Q Estimates
Minneapolis, MN, August 11--Target Corp. reported second quarter net income of $540 million, or $0.61 per share, down from $1.41 billion, or $1.53 per share, the year before.
NRF Names New Chair of Women in Loss Prevention Ca
Washington D.C., August 11--The National Retail Federation (NRF) welcomed the newest Chairperson of the NRF Women in Loss Prevention Caucus.
50 Million Visited Blogs in 1Q 2005
Reston, VA, August 11--A new report found that nearly 50 million Americans, or about 30 percent of the total U.S. Internet population, visited blogs in Q1 2005, an increase of 45 percent compared to Q1 2004.
Durall Intros No-wait Epoxy Floor Seal
Bloomington, MN, August 11--Durall Industrial Floorings has launched "No-Wait 2005," its new epoxy seal for fresh concrete.
Fed Ups Rates to 3.5%, No Hint of Pause
Washington, DC, August 10--The Federal Open Market Committee raised its target for short-term interest rates Tuesday by a quarter percentage point to 3.5% and gave no hint that it is interested in stopping anytime soon.
Sailor Wins The Great Stainmaster Carpet Sweepstak
Atlanta, GA, August 10--A U.S. Navy man providing support to U.S. troops in the Iraq war has won the Great Stainmaster Carpet Sweepstakes and has been awarded the grand prize of new, fashionable carpet and related products and services valued at up to $5,
Volume Up At Major Ports, But Congestion Down
Washington, DC, August 10--Inbound container traffic is up at the nation’s major ports, but congestion that plagued the docks last year does not appear to have returned, according to the National Retail Federation’s new monthly Port Tracker report.