Sears Establishes New Executive Retail Position
Hoffman Estates, IL, July 13—Sears has established a new, expanded leadership position of President of Sears Retail.
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.
Moody's Cuts May Department Stores' Rating
New York, NY, July 13--Moody's Investors Service cut its long-term ratings on May Department Stores Co.'s debt, citing the company's higher borrowings after buying 71 department stores for $3.2 billion.
Pennington Hardwoods Changes Its Focus
Sellersburg, IN, July 12--Growth has pushed Pennington Hardwoods into a new 15,000-square-foot building. Pennington can sell his fine woods to local people again, according to the Louisville Courier Journal.
Pergo Signs New Credit Facility Agreements
Trelleborg, Sweden, July 12--Pergo said this morning that it has signed a new long-term credit facility agreements with Swedbank (FöreningsSparbanken AB (publ)), HSH Nordbank AG, Copenhagen Branch, and Nordea Bank AB.
Q.E.P. Reports Record Sales and Earnings
Boca Raton, FL, July 12--Q.E.P. Co., Inc. today announced financial results for its fiscal 2005 first quarter ended May 31, 2004.
Chicago Retailer Sues Newspaper Over Circulation D
Chicago, IL, July 12--A carpet store headquartered in Chicago filed suit on Thursday against the Tribune Co., alleging that the company's newspapers defrauded advertisers by inflating circulation figures.
Mannington Commercial Introduces Sample Return Pro
Calhoun, GA, July 12--Mannington Commercial has debuted a Sample Return Program for their carpet, resilient and ICore samples.
CCA Global’s Rug Décor Appoints New President
Manchester, NH, July 12--CCA Global Partners has appointed Scott Hayim as president of Rug Décor, one of CCA Global's 13 affiliate companies. Hayim comes to Rug Décor with a very successful 25-year background in the floor covering industry.
Collins & Aikman Sees 2nd Quarter Profit
Troy, MI, July 9—Automotive carpetmaker Collins & Aikman Corp., said it expects to post a second-quarter operating profit of $21 million to $27 million after restructuring costs.
Manufacturing Recovery Gaining Momentum
New York, July 9--The recovery in U.S. manufacturing appears to be gaining momentum, as a survey of the nation's top manufacturers on future business activity, including orders, shipments and investment, reached a record for the third-straight quarter