Leading Indicators Decline
New York, NY, June 20--The Conference Board reports today that the Composite Index of Leading Economic Indicators declined 0.5% in May, following no change in April, and a 0.6% decline in March.
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.
Sears Essentials Stores Pair Retailers
Palatine, IL, June 20-- What do you get when you cross Sears with Kmart and add convenience items?
Home Depot Shares in Holding Pattern
Home Depot stock was a raging bull in the 1990s as the company grew into the planet's largest home improvement chain. A share bought for less than $2 in early 1990 was worth almost $70 by decade's end.
Steelcase Posts 1Q Profit
Grand Rapids, MI, June 20—Steelcase, Inc. posted a quarterly profit after a year-earlier loss, helped by recovering demand for office furniture in the United States.
Feltex Cuts Profit Forecast, CEO to Leave
Wellington, New Zealand, June 20--Carpet maker Feltex Carpets Ltd. said Monday that its board is making senior management changes and will conduct a "wide ranging" review of all of the company's operations, following recent "unsatisfactory" financial
Minneapolis Fed President Sees No Reason to End Ti
Tokyo, Japan, June 20--Federal Reserve Bank of Minneapolis President Gary Stern sees no reason for the Federal Reserve to stop raising interest rates now as the economy expands at a desirable pace, a Japanese newspaper reported on Monday.
New Owners of Texas Contractor Finds New Success
Fort Worth, TX, June 20-- It was a price war: Whoever had the lowest price got the job, and by the end of 2002, Jeff Bennett knew he had to quit. Going to work wasn't fun anymore, according to the Fort Worth Star Telegram.
MoldWash USA Intros Mold Fighting Carpet Product
Los Angeles, CA, June 17--To combat mildew and mold, MoldWash USA introduced the powerful product MoldWash Household less than one year ago.
Zickgraf Buys Thomson Oak Flooring Name, Assets
Franklin, NC June 17--Zickgraf Hardwood Flooring Company has purchased The Thomson Oak Flooring brand name and certain assets from Thomson Oak Flooring Company Inc.
Consumer Sentiment Up In June
Ann Arbor, MI, June 17--Consumer sentiment improved in June, according to the University of Michigan consumer sentiment index. The gauge rose to 94.8 from 86.9 in May.