Iran Loses Major Share of Carpet Market
Tehran, Iran, May 15, 2006--According to Tehran Times, lack of quality and production control has cost Iran an eighty percent loss in Afghanistan's carpet market, said a textile industry official.
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.
Interface Rallies on Upgrade
New York, NY, May 15, 2006--Interface Inc., shares rallied on Monday, after brokerage Raymond James upgraded its rating on the company, calling a recent sell-off of its shares unjustified.
May Empire State Index Slips
Washington, DC, May 15, 2006--Manufacturing activity in the New York area expanded at a slower pace in May, the New York Federal Reserve Bank said Monday.
Target 1Q Earnings Up
Minneapolis, MN, May 15, 2006--Target Corp., posted a 12 percent increase in first quarterly earnings, helped by strong Easter holiday and spring season sales, and big gains from its credit card business.
Metro Home Prices Begin to Cool but Appreciation R
Washington, DC, May 15, 2006--The growth in single-family home prices continued to cool in the first quarter, but many metropolitan areas are still showing double-digit annual gains, according to the latest survey by National Association of Realtors.
SPI Floors to Open Distribution Center in Henderso
Henderson, SC, May 15, 2006--A subsidiary of the nation's largest wholesaler of flooring products has chosen Henderson, N.C., for its newest distribution center.
Tennant Intros First Single-System Scrubber-Sweepe
Minneapolis, MN, May 15, 2006--Tennant Co. today introduces its M20 Scrubber-Sweeper, which the company called, the cleaning industry's first-ever integrated, single-system scrubber-sweeper.
New SBIC Officers Lead Formative Strategy Planning
Washington, DC, May 15, 2006--The Sustainable Buildings Industry Council (SBIC) has announced the election of its new executive committee.
Great Floors Opens New Washington Location
Spokane, WA, May 15, 2006--There were no red carpets rolled out for the opening of the new Great Floors building in Spokane Valley, according to the Spokane Spokesman-Review.
Consumer Sentiment Off in May
Washington, DC, May 12, 2006--Consumer sentiment dropped in May on rising gasoline prices and a softening labor market, according to media reports Friday of proprietary research.