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.
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.
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.
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.
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.
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
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.