Consumers Boost Economists' Forecasts
New York, NY, Oct. 9--Surprising resilience in consumer spending the third quarter.
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.
Federated Sales Strong
New York, NY, Oct. 9--Federated Department Stores, parent of the Macy's and Bloomingdale's department stores, on Thursday posted a 3.2 percent rise in September sales at stores open at least a year and raised its third-quarter profit forecast.
Milliken Intros Trading Spaces Brand Carpet Panel
La Grange, GA, Oct. 9--In one of the first episodes of "Trading Spaces: Family," there was a serious need to find a solution and replace the old carpet without breaking the budget by refinishing the wood floors underneath.
Solutia Expects Third Quarter Loss
St. Louis, MO, Oct. 9--Solutia, Inc. indicated that it expects an after-tax loss in the range of $1.65 to $1.70 per share for the third quarter.
JP Morgan Gives Mohawk Neutral Rating
New York, NY, Oct. 8--Analysts at JP Morgan initiate coverage of Mohawk Industries with a "neutral" rating.
Judge Questions Case Against Martha
New York, NY, Oct. 9--A federal judge mocked the criminal case against Martha Stewart, then handed her a victory by allowing her lawyers to question key government witnesses before her big trial in January, court papers show.
Growth In Home Sales Expected Next Year
Washington, DC, Oct. 7--Even with an expected acceleration in economic growth, inflation should remain low. That will maintain a low level of mortgage interest rates and keep housing near historic highs in 2004.
Martha's Ex-Broker Wants Separate Trial
New York, NY, Oct. 8--A former Merrill Lynch & Co. broker indicted along with homemaking icon Martha Stewart on obstruction charges has requested a separate trial from his high-profile co-defendant.
AFPF Publishes Installation Guidelines
Arlington, VA, Oct. 8--The Alliance for Flexible Polyurethane Foam (AFPF) has just published Installation Guidelines for Commercial Carpet and Commercial Bonded Polyurethane Carpet Cushion.
Plywood Costs Double
Atlanta, GA, Oct. 8--An extremely rainy spring in the South has left plywood in short supply and has driven costs through the roof.