Coveright Mulls Expansion at South Carolina Plant
Columbia, SC, August 9--Coveright Surfaces doesn’t make hardwood flooring and cabinets, but its 145 employees in Blythewood produce the wood-grain illusion.
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.
Productivity Growth Slows
Washington, DC, August 9--Productivity in the second quarter rose at a 2.2% annual rate, according to the Labor Department.
Chain Store Sales Off Last Week
New York, NY, August 9--Chain store retail sales fell 0.8 percent in the week ended Aug. 6, compared with a 0.9 percent increase the previous week, the International Council of Shopping Centers and UBS said in a joint report.
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.
Wholesale Inventories Up 0.7%
Washington, DC, August 9--Wholesalers inventories were up 0.7 percent in June, while wholesale sales rose 0.6 percent, according to the Commerce Department.
Tarkett Commercial Products Receives RFCI FloorSco
Houston, Texas, August 9--Tarkett Commercial is one of the first flooring manufacturers to be awarded FloorScore certification for all its commercial products throughout North America and Europe.
Pakistan's Carpet Exports Could Top $1B
Lahore, Pakistan, August 9--Pakistan's carpet exports could surpass the US$1 billion mark with the introduction of a strategic plan that covers the entire industry.
BASF Increasing Styrene Butadiene Latex Prices for
Charlotte, NC, August 9--Effective September 1, 2005, or as contracts allow, BASF will raise prices in the United States and Canada on all Styrofan carboxylated styrene-butadiene emulsion polymers supplied to the carpet industry by four cents per dry pou
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.