U.K.’s United Carpets Year-end Earnings Up 24%
London, England, July 18, 2007--United Carpets Group PLC reported a 23.6 percent increase in its full-year pretax profit, reflecting an increase in individual store profitability.
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.
Formica Names Abraham Linc as Distributor
Barnwell, SC, July 16, 2007--Formica Flooring has added Abraham Linc to its distribution network.
NAFCD Launches New Web Site
Chicago, IL, July 16, 2007--The North American Association of Floor Covering Distributors (NAFCD) has launched a new Web site, www.nafcd.org.
Harris Associates Raises Stake in Carpetright
London, England, July 16, 2007-- Harris Associates LP said it has raised its stake in UK flooring company Carpetright PLC to 9.28 percent, after it purchased 39,115 shares at 11.1050 pounds apiece.
World Market Center Announces Hotel Give Away
Las Vegas, July 17, 2007--World Market Center and MGM Grand Hotel & Casino are offering the Summer Las Vegas Market attendees the chance to win big.
Capel Enters 90th Summer of Manufacturing
Troy, NC, July 17, 2007--Capel is marking its 90th summer of manufacturing and importing with a creative mix of area rugs at the Atlanta Rug Market.
Stanley Furniture Posts 2Q Loss
Stanleytown, VA, July 17, 2007--Stanley Furniture reported a second-quarter loss on Monday after taking a charge. It also cut its full-year profit and sales forecast, sending its shares lower in extended trading.
Interface Closes Sale of Fabrics Unit
Atlanta, GA, July 17, 2007--Interface, Inc.said it has completed the sale of its fabrics division, known as InterfaceFABRIC, to an affiliate of Sun Capital Partners Inc.
BlueLinx and CCA Form Partnership
Atlanta, GA, July 17, 2007--BlueLinx Holdings Inc., a distributor of building products in North America, and CCA Global Partners, Inc., jointly announced a strategic relationship.
Hovnanian Rises Amid Talk of Buffett Bid
Red Bank, NJ, July 13, 2007--Shares of homebuilder Hovnanian Enterprises shot up Friday amid press reports that Warren Buffett's Berkshire Hathaway Inc. might be eyeing the company.