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.
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.
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.
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.
Jobless Claims Off 1,000
Washington, DC, September 8--First-time claims for state unemployment benefits fell by 1,000 to 319,000 last week, the Labor Department estimated Thursday.
Wholesale Inventories Off in July
Washington, DC, September 8--Inventories at wholesalers fell 0.1% in July, according to the Commerce Department.
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.
Hovnanian 3Q Earnings Miss Estimates
Red Bank, NJ, September 8—Upscale homebuilder Hovnanian Enterprises reported third quarter earnings that missed analysts' forecasts.
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.
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.