J.C. Penney 1Q Earnings Up
Plano, TX, May 11, 2006--J.C. Penney Co., reported a 22% jump in first-quarter earnings, helped by tighter spending controls and improved gross margins.
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.
Carlyle Group Puts $27.5M in China Flooring
Shanghai, China, May 11, 2006--The Carlyle Group is investing $27.5 million to buy new shares in Shanghai Anxin Flooring Co Ltd., China's largest manufacturer and distributor of solid wood flooring,
North Carolina Judge Bars Cleaning Firm
Raleigh, NC, May 11, 2006--A carpet and air duct cleaning company that authorities say used misleading advertisements and illegal bait-and-switch tactics has been barred from operating in North Carolina.
Business Inventories Up in March
Washington, DC, May 11, 2006--Business inventories rose a larger-than-expected 0.7 percent in March as automotive and building material stocks climbed sharply, a government report showed on Thursday.
Jobless Claims Off Last Week
Washington, DC, May 11, 2006--First-time claims for state unemployment benefits filed last week were off 1,000 to 324,000.
Retail Sales Up in April
Washington, DC, May 11, 2006--Retail sales increased 0.5% in April, but most of the increased spending was at the gas pump, the Commerce Department said Thursday.
Melrose Prefinished Hardwood Adds Jatoba
Mississauga, Ontario, May 11, 2006--Melrose Prefinished Hardwood Floors has announced the addition of Jatoba to its new line of textured hardwood flooring for the home.
New Zealand Wool Carpet In TV Decorator Show
Atlanta, GA, May 11, 2006—This fall on Designer’s Challenge—a decorating series on Home and Garden Television (HGTV)—designer Teri Mulmed, owner of DoDaz, Inc. in Scottsdale, Arizona, takes advantage of wool’s aesthetic and functional qualities.
Chemco Intros Sustainable Wood Hardening
Ferndale, WA, May 11, 2006 -- Chemco Inc., has introduced a new hardening technology for the wood flooring and furniture industries.
NTCA Launches Contractor Safety Program
Jackson, MS, May 11, 2006--Effective May 1st, 2006, the National Tile Contractors Association introduced its new NTCA Contractor Safety Program for tile contracting companies.