Fundamentals Postive in the Commercial Real Estate
Washington, DC, May 13--The four major sectors of the commercial real estate market – office, retail, industrial and multifamily –can expect improvement over the next two years.
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.
Collins & Aikman Hit by Liquidity Issues, CEO Out
Troy, MI, May 13--Auto parts and carpet supplier Collins & Aikman said its chief executive resigned as it faces significant near-term liquidity issues.
Hooker Furniture Cuts 2Q Outlook
Martinsville, VA, May 13--Hooker Furniture has revised its sales outlook for the company's 2005 second quarter.
Inventories Up 0.4% in March
Washington, DC, May 13—-Business inventories rose 0.4% in March, below expectations and slower than the 0.7% increase in sales.
Import Prices Up 0.8%
Washington, DC, May 13--Prices of imports into the United States rose a larger-than-expected 0.8% in April on higher prices for oil, metals and chemicals.
Beaulieu Names Abramowicz Divisional VP
Dalton, GA, May 13--Beaulieu of America appointed Richard V. Abramowicz divisional vice president of their central sales division.
Crossville Names Mike Sellers to New Position
Crossville, TN, May 13--Crossville, Inc. has named Mike Sellers to the newly created position of Technical Services Administrator.
Trade Shows Help New Zealand Wool with Global Succ
Auckland, New Zealand, May 12--Success at two key international trade fairs has affirmed New Zealand wool’s status as a key component of premium-quality carpets.
Coverings 2005 Attendance Up 10%
Alexandria, VA, May 12--Coverings announced that the number of registered attendees at the 2005 show, held from May 3 - May 6 at the Orange County Convention Center in Orlando, was 32,228. This figure reflects a 10 percent increase in registered attendees
Forbo-Nairn Hopes to Lead Fight Against MRSA Super
Kirkcaldy, Scotland, May 12--A Scottish flooring manufacturer that claims its product can help the NHS in Scotland combat the superbug MRSA has increased sales by over 13 per cent compared with last year.