Retail Furnishings Sales Off
Charlotte, NC, May 24--Results from some major furnishings retailers last week suggest U.S. consumers may be slowing their impulsive home-oriented purchases.
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.
Analysts Expect Wood Prices to Remain High
New York, NY, May 24--Although wood panel prices have started to retreat from record highs, industry executives and analysts are shrugging off recent housing data and expectations of higher interest rates, saying they expect prices for the building materi
Oates Resigns as V.P. of Marketing at Armstrong Fl
Lancaster, PA, May 24--Laurie Israel-Cubell, a six-year Armstrong veteran, has been promoted to Vice President, Marketing and New Product Development, AFP, effective immediately.
S&P Raises Mohawk’s Ratings
New York, NY, May 24--Standard & Poor's Ratings Services said today that it raised its corporate credit and unsecured debt ratings on floorcoverings giant Mohawk Industries Inc. to 'BBB+' from 'BBB'. The outlook for the Calhoun, GA-bas
New Overtime Rules Could Affect Small Businesses
Tucson, AZ, May 24--For small companies, recently revised white-collar overtime rules may be a shock. Many don't have human resource departments or legal teams to pore through 154 pages of job definitions, according to the Tucson Citizen.
Hotel Industry Sees Resurgence
Atlanta, GA, May 21--After three years struggling to fill rooms, the national hotel industry is expected to recover lost business and recoup lost revenue in 2004, according to the Atlanta Journal-Constitution.
Tennessee Foam Producer Launches Plant Expansion
Chattanooga, TN, May 21--A Chattanooga maker of foam used in bedding, furniture and carpet backing is embarking on a nearly $3 million expansion and swelling its work force by up to 30 employees, according to the Chattanooga Times/Free Press.
Fed Shifts Focus to Rising Prices
Washington, DC, May 21--An unexpected quickening in the pace of price increases in the past two months is challenging the Federal Reserve's plan to raise short-term interest rates only slowly from today's 46-year lows.
CRI Announces New Maintenance Publications
Dalton, GA - May 20, 2004 - The Carpet and Rug Institute (CRI) announces the release of two new maintenance publications.
Invista to Cut 175 at Tennessee Plant
Chattanooga, TN, May 20--Invista, a nylon and Lycra manufacturer, will cut at least 175 employees at its North Access Road plant in Hixson, company officials said, according to the Chattanooga Times/Free Press.