Omnova Posts First Positive Quarter in Last Six
Fairlawn, OH, June 23--Polymer and surfacing chemical company Omnova Solutions Inc. posted its first positive earnings report in the last six quarters, the company said Tuesday.
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.
Mohawk Offers Windows as a Profit Opportunity
Dalton, GA, June 22--Window fashions are a strong add-on profit center for floorcovering stores. Window treatments are a $3.3 billion market. When people make flooring changes, they often buy window treatments to complement the new floor.
Nardelli Downplays Home Depot's Comparisons to
Atlanta, GA, Jun. 11--Home Depot Inc. CEO Bob Nardelli doesn't like to talk about his company's chief rival, but that doesn't mean he's ignoring it--he tours Lowe's stores when he travels around the United States.
Import Prices Jump on Rising Energy Costs
Washington, DC, Jun. 10--Prices of imported goods rose at the fastest clip in 15 months in May as petroleum prices surged, surprising Wall Street and indicating the global economic recovery is fanning inflation.
Witex USA Acquired by Investment Group
Atlanta, GA, Jun. 7--Witex USA has been acquired by an investment group including Bill Hamlin, KCA Capital, Chatham Capital and senior management.
Sabosik New StarNet Chairman
Ridgefield, CT, Jun. 7--StarNet announced three Board appointments. Jim Creamer, president and CEO of Potomac Floor Covering and Chuck Rajner, VP of OCP Contractors were elected Director positions. Bob Sabosik, president of M.E. Sabosik, Inc., is the new
Unemployment Rate Holds Steady
Washington, DC, Jun. 4--Employers hired workers at a rapid pace for a third month in a row, validating Wall Street's view that the job market finally is healthy enough to permit the Federal Reserve to start raising interest rates for the first time si
Mannington to Increase Some Resilient Prices
Salem, NJ, Jun.3--Mannington Mills announced today that due to significant cost increases in raw materials, energy and transportation, the company is implementing a 4% to 6% price increase on selected resilient products.
Productivity Up
Washington, DC, Jun. 3--The productivity of America's workers in the opening quarter of 2004 grew at a brisk 3.8% annual rate, faster than previously thought. Labor costs moved up.
Ready Named President & CEO, Armstrong Floor Produ
Lancaster, PA, Jun. 1--Armstrong Holdings, Inc. today announced that Frank Ready has been named President and CEO of Armstrong Floor Products North America, effective immediately.