Pennsylvania Retailer Defies Odds in Small Town
Hallstead, PA, June 27--In the fall of 1986, workers here began cleaning out an old building on Main Street that had sat empty for at least five years.
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.
Adams Named Macy Home Chairman
Cincinnati, OH, June 27--Federated Department Stores named Timothy M. Adams chairman of Macy's Home Store, replacing Eric Salus, who resigned the position to pursue other interests.
Feltex COO Officer Will Also Leave
Wellington, New Zealand, June 24--Feltex Carpets Ltd.'s chief operating officer will depart the company following its second hefty profit downgrade since listing a year ago, the National Business Review reported Friday.
Macy's Home Store Chairman Resigns
Cincinnati, OH, June 24--Federated Department Stores on Thursday said Macy's Home Store division chairman Eric Salus is resigning and named Timothy M. Adams to take his place, effective July 25.
Durable Goods Orders Jump 5.5%
Washington, DC, June 24—-Orders for durable goods in May increased 5.5%, according to the Commerce Department. It was the biggest increase since March 2004.
New Home Sales Up 2.1% in May
Washington, DC, June 24--New home sales rose 2.1% in May to a 1.298 million seasonally adjusted annual rate, according to the Commerce Department.
Goodfellow Mulling Conversion to Income Trust, Tra
Desson, Quebec, June 24--Hardwood flooring company Goodfellow Inc. will study whether to convert itself into an income trust, the company said Thursday.
Invista Studying China's Chemical Fiber Market
Beijing, China, June 24--Invista, the world's largest integrated fiber, resin and intermediates company, now is seeking to escalate its partnership with Chinese companies to promote business, according SinoCast.
Ekowood to Open Office in West Asia
Persekutuan, Malaysia, June 24—-Hardwood flooring manufacturer Ekowood International Bhd aims to capture West Asia’s robust development activities by opening a showroom-cum-regional office there in the last quarter of this year, according to New Straits T
Identity Theft and Security Worries Driving Change
New York, NY, June 23--Online consumers are expressing growing worries about identity theft, The Conference Board reports today.