May Department Stores 2Q Earnings Drop
St. Louis, MO, August 9--May Department Stores reported second quarter earnings that fell by nearly half from the year before, hurt by expenses from its planned merger with Federated Department Stores.
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.
Chain Store Sales Off Last Week
New York, NY, August 9--Chain store retail sales fell 0.8 percent in the week ended Aug. 6, compared with a 0.9 percent increase the previous week, the International Council of Shopping Centers and UBS said in a joint report.
Wholesale Inventories Up 0.7%
Washington, DC, August 9--Wholesalers inventories were up 0.7 percent in June, while wholesale sales rose 0.6 percent, according to the Commerce Department.
Tarkett Commercial Products Receives RFCI FloorSco
Houston, Texas, August 9--Tarkett Commercial is one of the first flooring manufacturers to be awarded FloorScore certification for all its commercial products throughout North America and Europe.
Pakistan's Carpet Exports Could Top $1B
Lahore, Pakistan, August 9--Pakistan's carpet exports could surpass the US$1 billion mark with the introduction of a strategic plan that covers the entire industry.
BASF Increasing Styrene Butadiene Latex Prices for
Charlotte, NC, August 9--Effective September 1, 2005, or as contracts allow, BASF will raise prices in the United States and Canada on all Styrofan carboxylated styrene-butadiene emulsion polymers supplied to the carpet industry by four cents per dry pou
Astro Dye to Close in January
Calhoun, GA, August 8--Astro Dye Works, a yarn-dyeing operation, will close its doors permanently in January 2006. The closing will cut 65 jobs.
AIA Awards Latrobe Fellowships
Washington, D.C., August 8--The American Institute of Architects (AIA) College of Fellows has awarded its 2005 Latrobe Fellowship of $100,000 to Chong Partners Architecture, Kaiser Permanente, and U-C at Berkeley for a research study on multi-cultural In
Hovnanian Buys Florida Homebuilder
Red Bank, NJ, August 8—-Home builder Hovnanian said it has acquired the assets of First Home Builders of Florida for an undisclosed amount of cash.
New Zealand’s Cavalier on Target with Forecast
Wellington, New Zealand, August 8--Carpetmaker Cavalier says full-year earnings will meet forecasts but warns of a major writedown of its Microbial Technologies business, according to the New Zealand Herald.