Karastan Revamps Installation Program
Dalton, GA, August 14, 2007--Since 1996, Karastan, in partnership with CFI, CEO, Jim Walker, has been combating the carpet industries’ biggest challenge - installation.
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 Completes Columbia Asset Acquisition
Calhoun, GA, August 14, 2007--Mohawk Industries said it has completed the purchase of four wood flooring plants from Columbia Forest Products.
Chain Store Sales Down 0.9% Last Week
New York, NY, August 14, 2007--The International Council of Shopping Centers-UBS Retail Chain Store Sales Index was off 0.9% in the week ended August 11 from the prior week.
Producer Prices Up 0.6%
Washington, DC, August 14, 2007--The producer price index rose 0.6 % in July, following a 0.2% decline in June, according to the Labor Department.
Shanghai Eswell Signs Agreement with Välinge
Viken, Sweden, August 14, 2007--The Chinese wood producer Shanghai Eswell Timber has signed a global license with Välinge.
Home Depot 2Q Earnings Off 15%
Atlanta, GA, August 14, 2007—Home Depot in the second quarter reported net earnings that were off 15% to $1.6 billion, or $0.81 per share.
Congoleum 2Q Earnings Up on Lower Sales
Mercerville, NJ, August 10, 2007--Congoleum Corp. in the second quarter reported net income that rose 33% to $835,000 versus $626,000 in the second quarter of 2006.
Milliken Launches Stimulus
LaGrange, GA, August 10, 2007--Milliken Carpet has launched Stimulus, a new way to achieve exciting and unique floorscapes of seemingly infinite variety while also eliminating design lines and pattern repeats.
Mullican Products “Verified Sustainable”
Johnson City, TN, August 9, 2007-- Mullican Flooring prefinished hardwood products have been verified as "sustainable" by the Appalachian Hardwood Manufacturers Inc.
Business Inventories Up in June
Washington, DC, August 13, 2007—Business inventories rose 0.4% in June, after increasing 0.5% May, according to the Commerce Department.