Wholesale Inventories Inch Up 0.1% in May
Washington, DC, July 8—Wholesale inventories inched up 0.1 in May, while wholesale sales during the month were flat, according to the Commerce Department.
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.
Tarkett Commercial Launches Ad Campaign
Houston, TX, July 8--Tarkett Commercial recently launched a new advertising campaign to promote the new colors and designs for NAFCO PermaStone Modular flooring.
June Unemployment Drops to 4-Year Low, 146,000 Job
Washington, DC, July 8--The unemployment rate in June dropped to a 4-year low of 5% from of 5.1 percent in May as the economy produced 146,000 new jobs, according to a report from the Labor Department.
World Market Center Secures $225M in Financing for
Las Vegas, NV, July 8--Officials with World Market Center Las Vegas, along with New York-based Ackman-Ziff Real Estate Group LLC, have announced that WMC has obtained $225 million in permanent financing from Bear Stearns Commercial Mortgage, to take out
Fleetwood Posts Loss, To Sell Retail Business to C
Riverside, CA, July 8--Manufactured housing maker Fleetwood Enterprises Inc. reported a loss for the fourth quarter and the full year.
Collins & Aikman Names New Chairman
Troy, MI, July 8—Auto interior and carpet company Collins & Aikman has today that it has established a new team of professionals to lead the company through the next phase of its restructuring process.
D.R. Horton 3Q Orders Up 29%
Fort Worth, TX, July 8--D.R. Horton Inc., the nation's largest homebuilder by units, said Thursday that third-quarter sales orders rose 29 percent on double-digit increases across all of its markets.
Home Depot Buys 3 Atlanta Area Office Buildings
Atlanta, GA, July 8--Home Depot has purchased three office buildings, for a total of 200,000 square feet, near the company’s Atlanta area headquarters, according to the Atlanta Journal-Constitution.
Costco Same-Store Sales Up 9%
Issaquah, WA, July 7--Costco reported a 9 percent increase in June same-store-sales, helped by international results and the timing of the July 4 weekend.
Haverty Furniture June Sales Rise
Atlanta, GA, July 7—Haverty Furniture said its June sales increased 1.6% to $65.5 million, compared with $64.5 million in June 2004.