Housing Starts Drop 1.3% in August
Washington, DC, September 20, 2005—Housing starts were off 1.3% in August to a seasonally adjusted annual rate of 2.009 million units, according to the Commerce Department.
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.
Leggett & Platt Lowers 3Q and Full Year Guidance
Carthage, MO, September 20, 2005--Leggett & Platt said its third quarter earnings are expected to be within the range of $0.30 to $0.35 per share, significantly lower than the $0.42 to $0.47 per share guidance issued in July.
World's Largest Carpet to be Woven in Iran
Abu Dhabi, United Arab Emirates,September 18, 2005 -- Iran Carpet in Irna, Iran will weave the world's largest carpet measuring 6,000 square meters for the Sheikh Zayed Mosque in Abu Dhabi, according to Payvand's Iran News
Wisconsin Retailer Covers the Basics
Madison, WI, September 19, 2005 -- Tom Sergenian, president of Sergenian's Floor Coverings and grandson of the company founder, stands in the store's showroom.
Valinge Demands Licensing Agreement with Barlinek
Viken, Sweden, September 19, 2005 -— It was reported by the Warsaw Business Journal that Valinge is demanding that floorboard producer Barlinek purchases a license for a glueless system of linking wooden flooring panels, while Barlinek argues that these c
Retailers Help Katrina Victims
Pound Ridge, NY, September 19, 2005 -- When Mary Haynes of the Cheyenne, Wyoming retailer Carpet Works of Cheyenne saw the devastation that Katrina caused, she and her husband T.J. Decided to do something to help.
Steelcase 2Q Earnings Up, Miss Estimates
Grand Rapids, MI, September 19, 2005 -- Steelcase reported quarterly profit that rose as price increases and sales growth helped to offset restructuring costs.
Study Finds Many Retailers Lacking in E-Mail Knowl
Atlanta, GA, September 19, 2005 -- While retailers clearly embrace the power of e-mail marketing, a Silverpop study finds many of them have yet to take full advantage of the technological power and creative potential offered by the medium.
Simply Floored Launches Shop-at-Home in Three Stat
Atlanta, GA, September 19--Simply Floored shop-at-home flooring company announced that it has launched its comprehensive in-home flooring service in three major metropolitan markets: Atlanta, Dallas / Fort Worth, and Tampa / St. Petersburg.
Birnbach Named Capel President & CEO
Troy, NC, September 19, 2005 -- Capel Incorporated, manufacturer and importer of area rugs since 1917, announced today that Eric Birnbach has joined the company as president and chief executive officer of Capel, Inc.