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.
Rainham, England, February 1--Carpetright Plc, the U.K.'s largest carpet retailer, said same-store sales have dropped since its second half began as consumer spending has slackened. The shares fell as much as 4.3 percent.
Tehran, Iran, February 1—-According to Iran's Customs Administration agency ILNA, machine-made carpets from March-December 2004 went up 140 percent to reach $41.1 million in the same period, while $22 million worth of yarns was exported.
Plano, TX, February 1--A decline in catalog orders made by telephone has led to the closure of a J.C. Penney call center in Bountiful, Utah. As a result, 375 employees are losing their jobs, the company announced Friday.
Houston, TX, January 31-- Researched by Industrialinfo.com (Industrial Information Resources Incorporated; Houston). Wood products producers in the U.S. and Canada are planning to invest over $1.1 billion in oriented strand board (OSB) manufacturing asset
Mooresville, NC, January 31--The board of directors of Lowe's approved a share repurchase program of up to $1 billion, effective immediately.
London, England, January 31—-Smart floor tiles that sound an alarm when someone falls on them could save lives in fires, according to the Scotsman.com.
Mooresvillle, NC, January 31--Lowe's announced that company president Robert A. Niblock has assumed the additional roles of chairman and chief executive officer.
Cincinnati, OH, January 31--Jay Stoehr calls it "the bomb shelter." But National Basketball Association players and insiders might know it better as the birthplace of their playing courts, according to the Cincinnati Enquirer.
Atlanta, GA, January 27—Home builder Beazer Homes USA reported fourth quarter earnings that rose 48 percent, as strong overall housing demand and higher prices offset declines in Arizona and Nevada.
Fairlawn, OH, January 27--OMNOVA Solutions reported a loss of $14.7 million, or $0.36 per diluted share, for the fourth quarter of 2004, compared to a loss of $61.3 million, or $1.53 per diluted share, during the fourth quarter of 2003.