Saks Closes Sale of Parisian to Belk
Birmingham, AL. October 3, 2006--Saks Inc. said it has completed its sale of its Parisian chain to Belk Inc. for $285 million in cash.
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.
NAM: Tells Trade Committee China Is Not Complying
Washington, DC, September 29, 2006--As a mature member of the World Trade Organization, China should be expected to comply fully with its international trade commitments, but it is not doing so, according to testimony by the National Association of Manufa
Fed Sees Inflation Easing, Lacker Unconvinced
New York, NY, September 28, 2006--Federal Reserve officials expressed guarded confidence on Wednesday that inflation will ease, but Jeffrey Lacker, the Fed's most outspoken hawk, was unconvinced.
Alliance Group to Offer New Credit Card Program
Alliance Flooring, Inc., a national retail flooring group, plans to offer a dual-line Visa credit card program through Wells Fargo Financial Retail Services
Help-Wanted Advertising Index Off
New York, NY, September 28, 2006--The Conference Board Help-Wanted Advertising Index — a key measure of job offerings in major newspapers across America — dipped one point in August.
Manufacturing Study: Structural Costs Continue to
Structural costs for domestic manufacturers have increased from 22.4 percent to 31.7 percent since 2003 compared to nine major trading partners, according to a study released today by the National Association of Manufacturers.
NRF Welcome Veto of California Container Tax
Washington, DC, September 26, 2006 – The National Retail Federation welcomed California Governor Arnold Schwarzenegger’s veto of legislation that would have imposed a $60 fee on containers moving through two of the nation’s largest ports.
Ethan Allen sees 1Q Sales of $240M to $245M
Danbury, CT, September 25, 2006--Ethan Allen Interiors chairman and CEO Farooq Kathwari said, in anticipation of being asked to comment on current business, "[S]ales in recent months have slowed as consumer confidence has remained weak."
Zation Stone Intros Pebble and Stone Tiles
Los Angeles, CA, September 21, 2006--The look of hand-laid pebbles and small tumbled stone has been introduced in interlocking tiles for almost any decor.
SpeedHeat Introduces Generation4
Atlanta, GA, September 21, 2006--Radiant flooring producer SpeedHeat has unveiled their Generation4 floor warming systems in the United States.