Today's Flooring News

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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.

Wal-Mart Same-Store Sales Up 1.2%

Bentonville, AR, July 6, 2006--Wal-Mart said Thursday that total U.S. same-store sales rose 1.2 percent for the month of June, short of Wall Street expectations for a 2 percent.

Job Cuts Up in May

Chicago, IL, July 6, 2006---Outplacement consultant Challenger, Gray & Christmas Inc. said its figures show that companies planned 67,176 job cuts in June, a 25 per cent increase from 53,716 in May.

Federated's Same-Store Sales up 1.7% in June

Cincinnati, OH, July 6, 2006--Federated Department Stores today reported total sales of $2.367 billion for the five weeks ended July 1, 2006, an increase of 64.8 percent compared to total sales of $1.436 billion in the same period last year.

Factory Orders Up in May

Washington, DC, July 5, 2006--Orders for factory goods rose 0.7% in May, the Commerce Department estimated Wednesday.

Godfrey Hirst May Be Looking at Feltex, Again

South Geelong, July 5, 2006-- Australian rival Godfrey Hirst may yet come to Feltex's rescue if the struggling carpet-maker is honest about its prospects, according to a source close to the Australian company.

Construction Spending Off in May

Washington, DC, July 3, 2006—Construction spending were off 0.4% in May, the biggest decline since September 2004, according to the Commerce Department estimated Monday.

Feltex Under Fire Over Silence

Wellington, New Zealand, June 30, 2006--Feltex's board is under fire for keeping shareholders in the dark as they await news on a potential lifeline for the troubled carpet maker that is likely to dilute their stakes.