Faus Group Signs Distribution Deal with Roane
Dalton, GA, May 3, 2006--Faus Group, Inc., announced the signing of an agreement with The Roane Company to begin distribution of the Fausfloor laminate flooring program in May 2006.
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.
Floor Tile Producer Swisstrax Expands
Palm Desert, CA, May 3, 2006--Swisstrax Inc., supplier of interlocking floor tiles and garage floor products, has expanded.
Thomasville Furniture Closing North Carolina Plant
Thomasville, NC, May 3, 2006--Thomasville Furniture Industries Inc., said yesterday that it is shutting down its last manufacturing plant in the company’s hometown, cutting 278 jobs by the end of July.
Natural Area Rugs Intros Cosmopolitan Shags
Beverly Hills, CA, May 2, 2006--A new line of Cosmopolitan shag rugs has been introduced by Natural Area Rug.
Hovnanian Cuts 2Q Guidance
Red Bank, NJ, May 2, 2006--Home builder Hovnanian Enterprises Inc., slashed its second-quarter and full-year outlook on Monday, citing slowing sales, production delays and increased use of concessions and incentives.
Chain Store Sale Up Last Week
New York, NY, May 2, 2006--Retail chain stores sales rebounded last week, an industry group reported Tuesday.
New Cleaning Products Get CRI Approval
Dalton, GA, May 2, 2006—A total of seven new cleaning solutions have earned a designation as CRI Seal of Approval certified products after passing a series of stringent tests performed by an independent laboratory.
Layoffs Down in April
Chicago, IL, May 2, 2006--Employers in April, for the fourth consecutive month, planned fewer job cuts than in the preceding 4-week period.
Layoffs at Memphis Hardwood Flooring
Memphis, TN, May 2, 2006--According to the Memphis Business Journal, Memphis Hardwood Flooring Company Inc., recently laid off 112 of its 450 employees.
Pier 1 Drops on Downgrade
New York, NY, May 2, 2006--Pier 1 Imports Inc., shares slumped on Monday, weighed by a bearish note from Lehman Brothers saying sharply higher energy prices would pressure the retailer's budget-minded customers.