Mohawk Launches 'Get Hooked on Mohawk' Pro
Dalton, GA, August 12--Over the last two years, floor covering retailers have found a lot to like in the “Mohawk Makes The Dream” program. This time, they’ll really be “hooked.”
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.
Kmart Added to Nasdaq 100
New York, August 12--Kmart Holding Corp. will join the Nasdaq-100 Index and be included in the index tracking stock, Nasdaq said on Wednesday.
Home Depot’s Nardelli Gets 200,000 Deferred Shares
Atlanta, GA, August 12-- A according to a filing with Securities and Exchange Commission Home Depot Inc. gave chairman and CEO Robert Nardelli 200,000 deferred shares and 100,000 stock options.
Inventories Rise 0.9% in June
Washington, DC, August 12--Inventories rose 0.9 percent at U.S. businesses in June, the biggest increase in four years, the Commerce Department estimated Thursday.
Federated’s 2Q Earnings Off
Cincinnati, OH, August 11--Federated Department Stores reported lower second-quarter profits Wednesday as a one-time cost for debt repurchases ate into earnings.
May Department Stores 2Q Earnings Up
St. Louis, August 11--May Department Stores posted higher second quarter profit, helped by cost savings and sales of items like handbags and jewelry.
2Q Productivity Slows
Washington, August 10-- The productivity of U.S. workers grew at its slowest pace in 18 months in the second quarter, which spurred a jump in the growth of unit labor costs from earlier this year.
Fed Ups Rates 0.25%
Washington, DC, August 10-- The Fed raised short-term interest rates by a quarter percentage point, the second such increase this summer, asserting that the U.S. economic recovery remains intact despite recent "softness."
Fed Expected to Raise Rates Today
Washington, August, 10--The Federal Reserve is scheduled to meet and its expected to hike interest rates by one-quarter of one percent.
Lane’s Acquires Manhattan Contract Dealer
New York, August 10 --Lane’s Floorcoverings, a major New York City contract dealer, has acquired Kramer Carpet Corp., another Manhattan dealership.