Wholesale Inventories Off in July
Washington, DC, September 8--Inventories at wholesalers fell 0.1% in July, according to the Commerce 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.
Study: Hard Surface Flooring Demand Expected to Re
Cleveland, OH, September 8--Demand for hard surface flooring is projected to advance 5.5 percent per annum through 2009 to 11.7 billion square feet, a slight acceleration over the 1999 to 2004 period.
Mohawk U Takes Top Award
Dalton, GA, September 8--A training program created by Mohawk University is a Silver Winner in the 2005 Summit Creative Awards international competition.
Mervyns Closing 62 Stores
Hayward, CA, September 8--Mervyns said it plans to close nearly a quarter of its stores and lay off 4,800 employees in an attempt to cut the chain's losses.
Oriental Weavers USA Operations Merge, Mike Riley
Dalton, GA, September 8--Oriental Weavers Group announced today the merger of its North American divisions. Effective immediately, the company will fully merge its import (Sphinx) and domestic manufacturing (OW America) operations.
Economy Was Growing Pre-Katrina
Washington, DC, September 8--The economy was in relatively good shape before Katrina slammed into the Gulf Coast, the Fed's Beige Book survey of current economic conditions showed Wednesday.
Sears 2Q Earnings Up, Lacy Out as CEO
Hoffman Estates, IL, September 8---Sears Holdings, the retailer formed when Kmart bought Sears, reported a 4.5 percent increase in earnings in the second quarter to $161 million from $154 million a year earlier.
Hovnanian 3Q Earnings Miss Estimates
Red Bank, NJ, September 8—Upscale homebuilder Hovnanian Enterprises reported third quarter earnings that missed analysts' forecasts.
Chain Stores Sales Flat Last Week
New York, NY, September 7--Chain store retail sales were flat in the latest week as the effects of Hurricane Katrina began to be felt, a report said on Wednesday.
IICRC Technician Educates Consumers on Radio Show
Vancouver, WA, September 7--While Jeff Bishop, Technical Advisor of the IICRC, spends much of his time teaching and training professionals in the cleaning and restoration industry, he also speaks to consumers about the same issues that affect them and the