India’s Silk Carpets Succeed Over Generations
New Delhi, India, November 15--Cottage Industries Exposition’s (CIE) carpet of success was laid generations ago.
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.
Kohl's 3Q Earnings Up 19%
Menomonee Falls WI, November 12--Kohl's reported earnings that increased 19 percent in the third quarter, to $143.8 million, or 42 cents a share. The results matched the analysts estimates.
Invista Reclamation Accepting Carpet from All Comm
Atlanta, GA, November 10--Recycling commercial carpet has become easier with the Invista Carpet Reclamation Center announcing it will accept carpet from all commercial dealers.
Wholesale Inventories Up 0.5%, Sales Up 0.6%
Washington, DC, November 10-- The Commerce Department said Tuesday that wholesale inventories climbed 0.5% to a seasonally adjusted $319.30 billion in September after a revised 1% increase in August.
Chain Store Sales Up 1.3% Last Week
New York, November 9--The International Council of Shopping Centers-UBS Retail Chain Store Sales Index rose by 1.3% in the week ended Nov. 6.
Consumer Debt Up $9.8B in September
Washington, DC, November 8--Shoppers dug out the plastic in September, as a hefty jump in credit and charge card use pushed consumer debt up a larger-than-expected $9.8 billion, a Federal Reserve report on Friday showed.
Penney’s October Same-Store Sales up 2.1%
Plano, TX, November 4--J.C. Penney said on Thursday its October sales at department stores open at least a year rose 2.1 percent and raised its quarterly profit forecast.
Swift to Retire as Mohawk CFO
Calhoun, GA, November 1--Mohawk Industries Inc. today announced the intention of John D. Swift, vice president-finance and chief financial officer, to retire effective December 31, 2004.
2nd NeoCon East Draws 6,000 Plus
Baltimore, MD, November, November 21--In its second year at the Baltimore Convention Center, NeoCon East drew 6,000 attendees from across the Mid-Atlantic region.
3Q GDP Up 3.7%
Washington, October 29--Gross domestic product increased at a 3.7% annual rate, the Commerce Department said Friday in its first of three readings on third-quarter growth.