May Department Stores 2Q Earnings Drop
St. Louis, MO, August 9--May Department Stores reported second quarter earnings that fell by nearly half from the year before, hurt by expenses from its planned merger with Federated Department Stores.
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.
FieldTurf in Final Stages of Discussion with Tarke
Montreal, Quebec, August 8--Talks are in the final stages between FieldTurf and Tarkett regarding the major integration of two leaders in the sports surfacing industry. Tarkett will be increasing its stake in FieldTurf.
Astro Dye to Close in January
Calhoun, GA, August 8--Astro Dye Works, a yarn-dyeing operation, will close its doors permanently in January 2006. The closing will cut 65 jobs.
New Zealand’s Cavalier on Target with Forecast
Wellington, New Zealand, August 8--Carpetmaker Cavalier says full-year earnings will meet forecasts but warns of a major writedown of its Microbial Technologies business, according to the New Zealand Herald.
HDM Furniture to Realign Henredon and Drexel Herit
High Point, NC August 5--HDM Furniture, a subsidiary of Furniture Brands International, Inc., announced today the consolidation of two upholstery manufacturing facilities located in High Point, NC.
AIA Awards Latrobe Fellowships
Washington, D.C., August 8--The American Institute of Architects (AIA) College of Fellows has awarded its 2005 Latrobe Fellowship of $100,000 to Chong Partners Architecture, Kaiser Permanente, and U-C at Berkeley for a research study on multi-cultural In
Hovnanian Buys Florida Homebuilder
Red Bank, NJ, August 8—-Home builder Hovnanian said it has acquired the assets of First Home Builders of Florida for an undisclosed amount of cash.
Fire Destroys Spokane Carpet Business
Spokane, WA, August 8--A fire destroyed Warehouse Carpets in Spokane over the weekend. The two alarm fire broke out at about 1:00 a.m. Saturday morning, on East Trent.
NRF: Retail Execs Say Picture Looks Strong
Washington, DC, August 5--Consumers finally shook off their summertime blues by loosening their purse strings in July, according to the NRF Retail Executive Opinion Survey.
Hovnanian 3Q Contracts Up 35%
Red Bank, NJ, August 5--Luxury home builder Hovnanian Enterprises said the dollar value of contracts in the third quarter ended July 31 rose 34.8 percent to $1.7 billion from $1.3 billion a year ago.