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.
New Delhi, India, February 24--Deputy Secretary of Labor Steven J. Law Thursday announced a $6 million aid commitment toward a joint project to eliminate hazardous and exploitative child labour in India.
Washington, DC, Orders for durable goods dropped 0.9 percent, according to the Commerce Department. Excluding a 5.3 percent drop in orders for transportation goods, new orders actually increased by 0.8 percent.
Chagrin Falls, OH, February 24--Johnsonite announced a 4-5% price increase on February 14 effective March 7, 2005.
Cherry Hill, NJ, February 24--Avalon Carpet Tile and Flooring recently donated $50,000 to be shared among three charities in southern New Jersey.
Oroville, CA, February 24--When Chico residents Bryan and Ray Hobbs began looking for satellite locations for their successfully expanding floor coverings business Floors by Ray, the natural choice they found for a location was the city of gold.
Horsham, PA, February 23—-Luxury homebuilder Toll Brothers reported quarterly earnings that were up 120 percent, boosted by continued demand for high-end homes.
Wellington, New Zealand, February 23--Carpet maker Feltex Carpets Ltd. reported a 7.1% rise in net profit for the first half of its fiscal year despite a fall in revenue, and said the lift came as it shifted its product mix toward higher margin carpets.
Eglisau, Switzerland, February 23--The purchase of a 25% stake in Swiss flooring group Forbo by a former executive appears to be part of a mutiny that will likely scuttle takeover talks sparked by private equity interest, according to The Deal.com.
Sioux City, IA, February 23--After 14 years of running a Siouxland race track, Evan Schoenfish shifted into a new line of work, according to the Sioux City Journal.
New York, NY, February 23--Chain store retail sales fell 0.1 percent in the week ended February 19, compared with a 0.1 percent increase the previous week, according to a joint report from the International Council of Shopping Centers and UBS.