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.
Washington, DC, January 4, 2006--Factories rose 2.5 percent in November, in line with forecasts, as strong demand for civilian aircraft offset weakness in cars and machinery, a Commerce Department report showed on Wednesday.
King of Prussia, PA, January 4, 2006--NewSpring Capital’s mezzanine fund, NewSpring Mezzanine Capital, L.P., has provided $3.5 million to assist management in acquiring the assets of Janitex Rug Service Corporation.
Washington, DC, January 4, 2006--Antitrust authorities said on Tuesday they approved plans by Linens 'n Things Inc., to be taken over by private equity firm Apollo Management L.P., and its affiliates.
Dalton, GA, January 4, 2006--Not all of Mohawk’s new carpet innovations are on the visible side of the carpet. One of the most important is one that consumers may never see.
New York, NY, January 4, 2006--J.P. Morgan cut retailer Lowe's Companies to neutral from overweight, citing a slowdown in home sales.
Dalton, GA, January 4, 2006--Faus Group, Inc., has announced the appointed two key members of their management team.
Union NJ, January 4, 2006--Bed Bath & Beyond Inc., today announced the promotion of three key executives, effective immediately. Arthur Stark has been named president of Bed Bath & Beyond. He also retains the title of chief merchandising officer.
Las Vegas, NV, January 4, 2006--Officials with World Market Center announced they have hired design industry authority Victor Pedraz to lead management and expansion of The Design Center at World Market Center.
Memphis, TN, January 4, 2006--NOFMA: The Wood Flooring Manufacturers Association has begun work to complete the first ever, comprehensive U.S. Wood Flooring Market Study.
New York, NY, January 4, 2006--Chain store sales fell in the final week of 2005 as heavy discounts at the end of the holiday period offset sometimes-heavy traffic during the week, according to a report on Wednesday.