Linens 'n Things Posts 2Q Loss
Clifton, NJ, July 20--Linens 'n Things reported a loss of $5.9 million, or 13 cents per share, for the second quarter ended July 2, compared with a profit of $97,000, or nil per share, a year earlier.
Today's Flooring News
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Sears Canada's 2Q Earnings Up
Toronto, Ontario, July 20--Sears Canada Ltd. reported a larger second-quarter profit on Wednesday on higher sales and said it is still evaluating options for its credit card unit and will make a decision in the third quarter.
Specter: No Asbestos Vote Until Fall
Washington, DC, July 20--Senator Arlen Specter, chairman of the Senate Judiciary Committee, said on Wednesday that the asbestos bill, which would create a $140 billion compensation fund, is not expected to come up on the Senate floor before the August rec
Bangladesh Government Plans to Re-Open Jute Mills
Dhaka, Bangladesh, July 20--Seeing a surge in the demand for jute products in international markets, the Bangladesh government is planning to revamp the sector.
ROY Awards Highlight 2005 Summer Atlanta Rug Marke
Atlanta, GA, July 20--The July 2005 Atlanta International Area Rug Market, co-sponsored by the Oriental Rug Retailers of America (ORRA), gave retailers an exciting and unmatched selection of merchandise that only the nation’s largest collection of area ru
Hilton Aims to Become First LEED-Rated Hotel
Vancouver, WA, July 19--The Hilton Vancouver in Vancouver, Washington does not have the traditional canopied driveway leading to its main entrance.
Virginia Retailer Fatally Shot
Goochland County, VA, July 19--Jason Carr, the manager of Stone Mountain Carpet Mill Outlet in Goochland County, got to the store before installers arrived.
S&P Cuts Pier 1 Imports Rating
New York, July 19--Standard & Poor's on Monday cut its ratings on Pier 1 Imports to junk status, citing weak operating performance and uncertainty about the success of new marketing efforts.
International Design Guild Intros Designer Showcas
Manchester, NH, July 19--The International Design Guild, an alliance of luxury floor covering showrooms, strives to recognize the talents and accomplishments of interior designers throughout the United States and Canada.
Housing Starts Flat in June
Washington, DC, July 19—-Housing starts in June were unchanged at a seasonally adjusted annual rate of 2.004 million, according to a Commerce Department report.