Saks Swings to Profit in 2Q
Birmingham, AL, October 17, 2005--Saks Inc. in its second fiscal quarter reported net income of $8.2 million, or $0.06 per share, compared with a loss of $25.3 million, or $0.18 per share, a year earlier.
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.
Foamex Receives Final Court Approval for $320 Mill
International announced that the U.S. Bankruptcy Court for the District of Delaware has granted final approval for the Company's $320 million debtor-in-possession (DIP) financing.
Indian Government Calls for Carpet Industry to Add
Varanasi, India, October 17, 2005—The Indian government has called for technology-aided value addition to the quality of carpets manufactured in Varanasi-Mirzapur-Bhadohi belt so that the internationally-acclaimed products could continue to compete in the
New York Home Textiles Show Changes Dates
White Plains, NY, October 17, 2005--GLM has announced plans to shift the New York Home Textiles Show from its current spring and fall timeframe to a new winter and summer date pattern, beginning in August 2006.
Stone Care of Texas Expands into Commercial Market
San Antonio, TX, October 17, 2005-- John Gormley the founder and owner of Stone Care of Texas Inc. began efforts to grow his business two years ago by expanding into the commercial marketplace.
NRF: Retail Industry Sales Rise 7.0% in September
Washington, DC, October 17, 2005—Although the month of September was burdened with the impact of two hurricanes and much higher gas prices, retail sales continued to rise.
CEO Confidence Weakens
New York, NY, October 17, 2005--Chief executives’ confidence fell to its lowest level in four years, The Conference Board reports today in its latest survey of CEOs.
UK’s Flowcrete to Acquire Ivory Industrials
Sandbach, England, October 17, 2005--Flowcrete has signed agreement to acquire Ivory Industrials, South Africa's largest and longest-established resin flooring company.
WL Ross and Lear Form Partnership to Explore Acqui
Southfield MI, October 17, 2005--WL Ross & Co. LLC and Lear Corp. said they have signed a framework agreement providing for a joint venture relationship to explore strategic acquisition opportunities.
Mannington Announces First 'Stand on a Better
Salem, NJ, October 18, 2005--Mannington announced the winners of the first-ever Stand On A Better World Awards.