Producer Prices Off 0.6%
Washington, DC, June 14--The producer price index fell a sharp 0.6% in May, with about three-quarters of the drop due to the sharpest decline in energy prices in two years, according to the Labor 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.
Pier 1 Posts Loss, Warns on 2Q
Fort Worth, TX, June 14--Pier 1 Imports reported a quarterly loss in line with dampened expectations, but forecast lower-than-expected results for the current period, saying weak customer traffic is hurting margins and sales.
Manpower: Hiring Plans Stable in 3Q
Milwaukee, WI, June 14--Businesses expect that the stable hiring pattern they have reported since the beginning of the year will continue into the third quarter, according to the seasonally adjusted results of the latest Manpower Employment Outlook Survey
Mills Intro 125 New Antron Styles at NeoCon
Chicago, IL, June 14--Carpet mills are introducing 125 new styles featuring Antron carpet fiber during NeoCon this year.
U.S.-Led Global Economy Is Slowing
New York, NY, June 14--The U.S. and global economies are slowing, but there is no cause for alarm yet, according to an analysis released today by The Conference Board.
Vitra Expands With New Natural Stone Line
Suwanee, GA, June 14--Vitra Tiles USA, marketers of the comprehensive Vitra tile collection, is introducing the Vitra Natural Stone Collection, its first stone line in the US.
Sicis North America Opening Manhattan Office
New York, NY, June 14--SICIS North America Inc. will be commencing operations soon at its offices in Manhattan and its warehousing facilities in New Jersey.
NRF Urges Rejection of Consumption Tax
Washington, DC, June 14--The National Retail Federation has filed comments with the President's Advisory Panel on Federal Tax Reform urging the panel to reject economically risky proposals to replace the nation's income tax system.
Caraustar to Raise Prices
Austell, GA, June 10--Caraustar Industries said it will raise prices on all paper tube and core product lines starting July 11.
Sure-Lock Industries Prospers
Oswego, NY, June 13--It has been less than a year since Sure-Lock Industries, LLC relocated its hardwood flooring manufacturing company from its original home in Red Creek to the Oswego Warehousing compound in Oswego.