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.
Dalton, GA, July 9, 2007--Karastan announces the promotion of Bill Storey to the position of Senior Vice President and General Manager of Fashion Brands (Karastan, Ralph Lauren, CustomWeave and Helios), effective immediately.
New York, NY, July 9, 2007--Shares of Macy's jumped Friday, as a rumor surfaced that Sears Holdings Corp. chairman and billionaire investor Edward Lampert might be interested in buying the company.
Scottcdale, AZ, July 9, 2007--Meritage Homes Corp. warned that it expects to post major declines in home sales and orders in its second quarter and take some $100 million in charges because of the downturn in the housing market.
New York, NY, July 9, 2007--Office furniture orders continued to slow in May toward a growth rate that tracks the GDP, according to Raymond James analyst Budd Bugatch.
Aurora, CO, July 9, 2007--The ReSource Commercial Flooring Network (RCFN) is pleased to announce that Patcraft Commercial Carpet has joined RCFN as a Preferred Supplier.
Beijing, China, July 9, 2007--Chinese wood manufacturers have poor records on using illegal timber. But the industry is changing, say Sarah Price and Matthew Brady.
New York, NY, July 9, 2007—Home Depot was upgraded to buy from neutral by Goldman Sachs. The firm cited changes in management and culture and an improved business mix and capital structure.
London, England, July 9, 2007--Ceramic tile manufacturer H&R Johnson is in talks with the UK-based Johnson Ceramics International for a strategic global alliance.
Los Angeles, July 6, 2007– On June 28th, the Zumtobel Group announced the winners of the first international Zumtobel Group Award for Sustainability and Humanity in the Built Environment.
Washington, DC, July 6, 2007—Payrolls in increased by 132,000 in May as the unemployment rate remained a six-year low of 4.5 percent, according to the Labor Department.