Consumer Sentiment Off in May
Ann Arbor, MI, May 13--Consumer sentiment as measured by the University of Michigan's preliminary index dropped unexpectedly to 85.3 in May from 87.7 in April.
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.
TCNA Handbook Offers 5 New Ceramic Installation Me
Clemson, SC, May 13--Introduced at Coverings 2005, the Tile Council of North America’s (TCNA) 2005 Handbook for Ceramic Tile Installation includes more than 300 updates.
OSHA Drops Proposal Harmful to Small Contractors
Washington, D.C., May 13--The Associated General Contractors of America announced that OSHA withdrew a proposal harmful to small contractors.
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.
Foamex Posts $10.9M Loss in 1Q
Linwood, PA, May 13--Foamex International reported a net loss in the first quarter of 2005 of $10.9 million, or $0.44 per diluted share.
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.