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.
Dixie Cranks Up New Plant
Eton, GA, May 15, 2005--According to a the Chattanooga Times, the problem Dan Frierson had a year ago was one any CEO would envy--his carpet company, The Dixie Group, had too much business.
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.
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.
Fast Company to Get 2006 IIDA Star Award
Chicago, IL, May 12, 2006--The International Interior Design Association has said Fast Company magazine will be awarded the 2006 IIDA Star Award at the IIDA 12th Annual Meeting in Chicago.
Small-Business Health Plan Bill Blocked
Washington, DC, May 12, 2006--The controversial Health Insurance Marketplace Modernization and Affordability Act of 2006 failed to muster enough votes in a Senatorial procedural step, provoking criticism from Todd Stottlemyer, president and CEO of the Nat