Empire State Fed Index Off Slightly
Washington, DC, August 15--Manufacturing activity in the New York area stayed strong in August, the New York Federal Reserve Bank said Monday.
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.
Iran Maintains Largest Share of Hand Woven World C
Tehran, Iran, August 15--Iran still holds the largest share of the hand woven carpet market of the world, despite the problems and competitions its industry has been facing during the recent years.
Former Kmart CEO Cleared of Wrongdoing
Detroit, MI, August 15--A former Kmart chief executive officer, whom the company accused of contributing to its 2002 bankruptcy, has been cleared of wrongdoing in a civil lawsuit filed by the retailer's former creditors.
Foamex Offers Update on Strategic Review
Linwood, PA, August 15--Foamex International today announced several significant developments in its efforts to strengthen its balance sheet and enhance long term value while continuing normal business operations.
Chilewich Adds Hotel & Restaurant Division
New York, NY, August 15--Chilewich has formed a Hotel & Restaurant Division to aggressively pursue the hospitality industry. Named to head sales for this segment of the business is Ryan Reitmeyer.
Collins & Aikman’s Financials Subpoenaed
Troy, MI, August 15—-Auto interior supplier Collins & Aikman said a federal grand jury has subpoenaed its financial statements for 2000 to 2005 and accounting documents related to customer and supplier rebates.
RFMS Releases New Version of Flooring Installation
Tuscaloosa, AL, August 15--Resource & Financial Management Systems, Inc. (RFMS, Inc.), a developer business management software for the floor covering industry, has just released Version 3.0 of its installation scheduling software, Schedule Pro.
Open Letter to Retailers & Distributors from Witex
Kennesaw, GA, August 12--Roland Elbracht, president, Witex Flooring Inc. posted the following open letter to Witex and Laura Ashley distributors and Retailers on the Internet:
NRF Reports Retail Industry Growth of 4.6% in July
Washington, DC, August 12-—Usually known as a transitional month for retail, July saw strong gains in retail sales as shoppers continued to supplement trips to the beach with visits to the stores.
Kohl's Q2 Earnings up 27%
Menomonee Falls, WI, August 12--Kohl's reported second quarter earnings of $187.2 million, or $0.54 per share, up from $146.9 million, or $0.43 per share, in the year-ago period.