September Consumer Sentiment Falls
New York, NY, September 16, 2005-- The University of Michigan's preliminary index of consumer sentiment fell to 76.9 from 89.1 in August.
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 Expects Sales Increase in November
Fort Worth, TX, September 16, 2005--Pier 1 Imports said its sales would finally pick up in November after months of declines and the news helped push the struggling home retailer's shares up about 6 percent.
Linens N Things Ponders Sale
Clifton, NJ, September 16, 2005--Shares of Linens N Things rose to a new 52-week high Wednesday on news that the company may put itself on the market.
Dow Chemical to Seek Price Hikes Across the Board
Midland, MI, September 16, 2005--Dow Chemical said it would seek price increases across its entire portfolio of chemical and plastic products to offset the impact of rising energy prices.
Wilbur Ross Shows Interest in Collins & Aikman Cor
New York, NY, September 16, 2005--Investor Wilbur Ross, known for buying ailing companies and turning them around, expressed an interest on Thursday in bankrupt auto parts supplier Collins & Aikman Corp.'s U.S. units.
Globus Cork Earns Award for Cork Flooring
New York, NY, September 16, 2005--Globus Cork announced that it won the Most Valuable Product Award for 2005, presented by Hanley Wood, which publishes 22 magazines in the building and construction industry, for both the commercial and residential markets
Mannington Increases Commercial and Residential Re
Salem, NJ, September 15, 2005--Mannington Mills announced today that it will be instituting a price increase across both residential and commercial resilient product lines.
Business Inventories Off 0.5%
Washington, D.C., September 15, 2005—Business inventories unexpectedly fell by 0.5% in July, led by a drop in motor vehicles and parts, the Commerce Department said Thursday.
Consumer Price Index Up 0.5%
Washington, D.C., September 15, 2005-- Core inflation remained contained in August, with the core consumer price index rising 0.1% for the fourth straight month, the Labor Department reported Thursday.
NRF: Retail Industry Sales Up 7.9% in August
Washington, D.C., September 15, 2005—It may have cost much more to fill up at the pump last month, but consumers were not letting that affect spending in other areas.