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.
Durham, NC, August 19-- Freudenberg Nonwovens Tuft Division, in North America, is going to increase its spunbond polyester prices, citing rising raw material costs for the increase, according to Fibre2Fashion.
Smyrna, GA, August 18--6, 2004—Janelle Lampp, acclaimed for her design and color expertise as a consultant to the rug and home textile industries for 18 years has her own brand, JanelleStyle.
Omaha, NE, August 17-- Berkshire Hathaway is expanding its home furnishing interests. In its quarterly holdings report for the period ending July 30, Berkshire reported buying 8 million shares of home furnishings retailer Pier 1 Imports.
Mooresville, NC, August 16-- Lowe's in the second quarter reported net income that was up 17.9 percent to $704 million, or $0.89 per share.
Washington, August 13 --Strong housing market fundamentals propelled total existing-home sales to the highest pace on record in the second quarter, according to the National Association of Realtors.
Washington, August 12--Retail sales rose 0.7% in July, the Commerce Department reported. June sales were revised to a 0.5% drop from the initial estimate of a 1.1% decline.
New York, August 9-- Standard & Poor's Ratings Services has assigned its 'B-' rating to Troy, Mich.-based Collins & Aikman Products Co.'s proposed $400 million senior subordinated notes due 2012.
Troy, MI, August 10—Kmart has updated its previously announced transaction with The Home Depot.
Glenview, IL, August 9-- Illinois Tool Works has named David B. Speer, 53, president. In his new role, Speer will continue to report to chairman and chief executive officer W. James Farrell.
Washington, August 4--Housing affordability conditions remained favorable during the second quarter, but rising interest rates and higher home prices mean affordability declined from the second-highest level in 21 years during the first quarter.