Big Retailers See Strong April Sales
New York, NY, May 4, 2006--Retailers posted strong gains in April, as a late Easter and apparel-shopping surge outweighed concerns over gasoline prices and rising interest rates.
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.
Sears Canada Shareholders Dispute Valuation
Chicago, IL, May 4, 2006--Pershing Square Capital Management, the hedge fund that has opposed Sears Holdings Corp.'s C$892 million ($807 million) plan to buy out Sears Canada Ltd, said that the bid significantly undervalues the stock.
Initial Jobless Claims Up 5,000
Washington, DC, May 4, 2006--First-time applications for unemployment benefits drifted higher by 5,000 last week to 322,000, the highest level since Nov. 19, the Labor Department reported Thursday.
Hellenic Rug Expands AmericasMart Showroom
Atlanta, GA, May 3, 2006--Hellenic Rug Imports has expanded its AmericasMart Atlanta showroom to a 6,600 square feet. The company has expanded its AmericasMart facilities annually since 2000.
Clinch Mountain Expands Hardwood Plant
Lebanon, VA, May 3, 2006--Clinch Mountain Finishing & Logistics, a hardwood flooring manufacturer, will expand its Russell County facility, creating 220 jobs, Gov. Timothy M. Kaine announced Tuesday.
Mohawk Website Gets New Look
Dalton, GA, May 3, 2006--Mohawk’s website has a new look and more consumer-friendly features.
NWFA Expo Sets Attendance Record
St. Louis, MO, May 2, 2006--The NWFA’s recent 2006 Education Conference and Wood Flooring Expo in Baltimore broke all previous attendance records.
Pending Home Sales Index Eases
Washington, DC, May 3, 2006--Pending home sales have slowed modestly as interest rates continue to rise, according to the National Association of Realtors.
Bentley Prince Street Launches One-of-a-Kind Rugs
Los Angeles, CA, May 3, 2006--Bentley Prince Street announced that it will extend its product offering by launching a new collection of one-of-a-kind, designer area rugs for commercial and residential spaces.
RadiciGroup Voices Concern Over Reports of “Cancer
Bergamo, Italy, May 3, 2006--RadiciGroup announced that it wants to voice its concern about the news published recently by major Italian news agencies regarding the alarm raised over potentially cancerous substances present in the infill used to construct