Steelcase 1Q Earnings Increase
Grand Rapids, MI, June 26, 2007—Office furniture maker Steelcase said its first quarter earnings rose on higher revenue growth and operational improvements in the North American and international segments.
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.
Lennar Post 2Q Loss
Miami, FL, June 26, 2007--Homebuilder Lennar swung to a loss in the second quarter as the housing downturn continues.
Phillips' Direct Launches Contractor Website
Indianola, IA, June 26, 2007--Phillips' Direct Flooring Supply, a distributor of hardwood flooring products for professional contractors, announces the launch of their new website.
Carpetright May Go Private
Lord Harris of Peckham, or the Carpet King as he is more commonly known in south London, was giving nothing away today on his plans to take Carpetright private in a £900m buyout.
Mohawk to Buy Columbia Flooring Assets
Calhoun, GA, June 26, 2007--Mohawk said today that it has entered into an asset purchase agreement with Columbia Forest Products for wood flooring plants and working capital.
Carpetright Annual Earnings Inch Up
Rainham, England, June 26, 2007--Carpetright reports pretax profits up 4.4% from £64.2m to £67m in the 52 weeks to 28 April, although the underlying growth, stripping out property profits, was only 1.8%.
Mohawk Closing Rome Tufting Operations
Rome, GA, June 26, 2007--Mohawk Industries intends to close the tufting operation in Rome as part of a larger consolidation effort.
Existing Home Sales Off 0.3% in May
Washington, DC, June 25, 2007--Existing-home sales – including single-family, townhomes, condominiums and co-ops – eased by 0.3 percent to a seasonally adjusted annual rate1 of 5.99 million units in May.
Milliken Carpet Contributes to Library Makeover
Lagrange, GA, June 25, 2007-- Milliken Contract Carpet has partnered with Library Journal magazine to contribute to the third annual library makeover.
Chicago Fed Activity Index Improves in May
Washington, DC, June 25, 2007-- The Chicago Fed said its National Activity Index was -0.22 in May against April's downwardly revised -0.30 reading. April was initially reported at -0.10.