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.
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.
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.
AmericasMart, ORIA Host Charity Rug Auction
Atlanta, GA, May 12, 2006--For more than a decade, The Oriental Rug Importers Association and its members have been financially committed to a variety of philanthropic support initiatives and charities worldwide.
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.
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,
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.
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.
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.
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.
Mannington Offers Scholarships to Local Schools
Salem, NJ, May 11, 2006 --Taking a cue from the success of the company’s Stand On A Better World Awards program, associates at Mannington’s Salem, New Jersey, headquarters have announced the Stand On A Better World Scholarship fund, which will benefit loc