Strong Consumer Indicators Don’t Match Wal-Mart’s
New York, June 30--Consumer confidence may be surging, but tell it to companies like Wal-Mart, Target and General Motors.
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.
Fed Ups Funds Rate to 1.25%
Washington, DC, June 30--The Federal Reserve raised its key short-term interest rate for the first time in four years today, kicking off what it said is likely to be a "measured" campaign to return the rate to a level appropriate for a healthy economy.
Invista to Headquarter Two Units in Delaware
Wilmington, DL, June 30--Invista, the former DuPont Co. textiles and interiors business, said Tuesday night it will keep the headquarters for some of its operations in Delaware, saving 350 jobs, according to the News Journal.
Jaeckle to Distribute Nafco by Tarkett Line
Houston, TX, June 30—Nafco by Tarkett announced today that Jaeckle Wholesale, Inc., of Madison, Wis., has joined the Tarkett distribution family.
Weyerhaeuser to Sell 304,000 Acres of Timberland
Federal Way, WA, June 30-- Weyerhaeuser will sell approximately 304,000 acres of timberlands in Georgia to four companies, officials announced today.
Kinder, Gentler Big-Box Stores Open in Suburbia
Gurnee, IL, June 29--A shopper-friendly crop of big-box stores is sprouting up in U.S. suburbs, featuring wider aisles and colorful signs, in contrast to the "stack-'em-high, sell-'em-cheap" model perfected by Wal-Mart.
Tarkett Wood Puts New Spin on Old Standard
Johnson City, TN, June 29--With the upward spiral of inflation in building products, finding quality materials at a good value is on the minds of homeowners and contractors alike.
Crook Named Sr. Market Mgr., Carpet Dow Emulsion P
Midland, MI, June 29--Dow Emulsion Polymers, a worldwide leader in latex-based carpet backing technology, has named Todd Crook to the role of senior marketing manager for its North American Carpet business.
Villeroy & Boch to Sell Three Plants
Mettlach, Germany, June 29-- Villeroy & Boch, the German ceramics group, is reported to be planning to sell three tile production sites, in Hungary, Italy and Romania, to Austrian group Lasselsberger.
Chain Store Sales Off on Cool Weather
New York, NY, June 29--U.S. chain store sales weakened in the latest week, due to unseasonably cool weather throughout the country, which lowered purchases of air conditioners, fans and other summer items, a report said on Tuesday.