Federated Profits Fall
Cincinnati, OH, May 15--Federated Department Stores Inc. said that first-quarter profits fell 48 percent, but those earnings exceeded analysts' expectations because store-closing costs were lower than expected.
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.
Pillowtex To Review 2002 Financials
New York, NY, May 14--Pillowtex Corp., maker of Cannon, Fieldcrest and Royal Velvet blankets and towels, said it is reviewing its 2002 financial statements and might report an additional $2 million loss.
Women Take Major Role in Home Depot's Makeover
Atlanta, May 14--As Home Depot looks to attract more female customers, women executives are having a greater say in merchandise changes and floor displays.
DuPont Textiles Debuts New Auto Carpet Line
Detroit, MI, May 14-- DuPont Textiles & Interiors (DTI) unveiled its 2003 DuPont Altara style collection today at the Auto Interiors Show in Detroit, Michigan.
Producer Prices Post Recors Drop
Washington, May 15--Wholesale prices took a record plunge last month and the nation's manufacturing sector slumped, according to reports released on Thursday that showed an economy facing an uphill climb to full health.
Armstrong In Dispute With Website Designer
Lancaster, PA, May 14--Armstrong World Industries Inc. is balking at paying another $2.5 million to the developer of its Web site, saying the developer's work was late, incomplete and defective, according to the Lancaster New Era.
CFI To Host 10th Annual Convention
Kansas City, MO, May 14-- The CFI has scheduled its 10th anniversary convention for August 13 to 17 at the Westin Hotel in Kansas City, Missouri
A Bet on Textiles, Despite the Doomsayers
Greensboro, NC, May 12—Pinched by a retail sales slump, low-cost imports and the prospect that import quotas will be lifted at the end of next year, the dwindling number of American textile and clothes makers could easily be written off as another dinosau
DuPont Expands Antron Advisory Council
ATLANTA, GA, May 13—DuPont Textiles & Interiors (DTI) announced today the addition of seven new members to the DuPont Antron End-User Advisory Council.
LD Brinkman Files Chapter 11
Lewisville, TX, May 7—Floorcovering distributor L.D. Brinkman Corp. has filed for Bankruptcy reorganization under Chapter 11.