Johnsonite Announces 4% to 5% Price Hike
Chagrin Falls, OH, February 24--Johnsonite announced a 4-5% price increase on February 14 effective March 7, 2005.
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.
Avalon Donates $50,000 to Local Charities
Cherry Hill, NJ, February 24--Avalon Carpet Tile and Flooring recently donated $50,000 to be shared among three charities in southern New Jersey.
California Retailer Expands
Oroville, CA, February 24--When Chico residents Bryan and Ray Hobbs began looking for satellite locations for their successfully expanding floor coverings business Floors by Ray, the natural choice they found for a location was the city of gold.
Kronopol Opens Facilities For U.S. Distribution
Toronto, ON, February 25--Kronopol Marketing, the North American division of Kronopol, has opened facilities in Minneapolis and Tampa, Florida for the distribution of its laminate flooring products.
Toll Brothers 1Q Earnings Up 120%
Horsham, PA, February 23—-Luxury homebuilder Toll Brothers reported quarterly earnings that were up 120 percent, boosted by continued demand for high-end homes.
New Zealand’s Feltex Earnings Up, Revenue Off
Wellington, New Zealand, February 23--Carpet maker Feltex Carpets Ltd. reported a 7.1% rise in net profit for the first half of its fiscal year despite a fall in revenue, and said the lift came as it shifted its product mix toward higher margin carpets.
Update on Events At Forbo
Eglisau, Switzerland, February 23--The purchase of a 25% stake in Swiss flooring group Forbo by a former executive appears to be part of a mutiny that will likely scuttle takeover talks sparked by private equity interest, according to The Deal.com.
Chain Store Sales Off Last Week
New York, NY, February 23--Chain store retail sales fell 0.1 percent in the week ended February 19, compared with a 0.1 percent increase the previous week, according to a joint report from the International Council of Shopping Centers and UBS.
Partners Launch Retail Business in Iowa
Sioux City, IA, February 23--After 14 years of running a Siouxland race track, Evan Schoenfish shifted into a new line of work, according to the Sioux City Journal.
Mirage Enters Texas Market with Hoboken Floors
Saint-Georges, Quebec, February 22--Mirage, a leader in prefinished hardwood flooring, today announced that Hoboken Floors will distribute the full Mirage product line from a new distribution facility scheduled to open in Dallas, Texas during the first qu