Survey: Warmer Weather Boosts Traffic, Not Sales
Washington, DC, July 7--While warmer weather helped bring people into the stores, consumers remained hesitant to splurge, according to the results of the June NRF Retail Executive Opinion Survey.
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.
Witex Flooring Signs On Sales Force
Kennesaw, GA, July 7--Witex Flooring, Inc. and LET Industries, are pleased to announce that they have signed an agreement for LET Industries to sales Witex brand products in North America, effective July 1, 2005.
Pending Home Sales Index Eases but Historically Hi
Washington, DC, July 7--The Pending Home Sales Index, the leading indicator for the housing market, slipped from near-record levels but remains historically high, according to the National Association of Realtors.
OMNOVA Recognizes Carpet Latex Employee Innovation
Fairlawn, OH, July 7--OMNOVA Solutions announced the recipients of its 2004 Technology Awards.
Lowe's Promotes Edwards to Sr. VP Store Operat
Mooresville, NC, July 6--Lowe's had named William W. (Bill) Edwards to the post of senior vice president-store operations for the north central division.
Raymond James Reiterates Mohawk’s “Market Perform"
New York, NY, July 6--Analyst Sam Darkatsh of Raymond James reiterates his "market perform" rating on Mohawk Industries.
Factory Orders Up in May
Washington, DC, July 6—Factory orders rose 2.9 percent in May for the largest gain in 14 months, according to the Commerce Department.
Non-Manufacturing Activity Up in June
Tempe, AZ, July 6--Business activity in the non-manufacturing sector increased in June 2005, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report on Business.
Feltex in Merger Talks with Godfrey Hirst
Wellington, New Zealand, July 6--Feltex Carpets Ltd., New Zealand's biggest carpet maker, said it had spoken with Australian rival Godfrey Hirst about a possible tie-up between the two groups but did not indicate whether it would back such a move.
Pharr Yarns to Build New Manufacturing Plant
McAdenville, NC, July 6--Pharr Yarns, LLC will build a new state-of-the-art fiber extrusion plant adjacent to its Complex 46 facility in McAdenville, North Carolina.