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.
London, England, February 24--British Wool has introduced a cartoon creation called "Farmer Tom" to highlight the connection between the British sheep farmer and the finished British Wool carpet, according to the Journal.
Chattanooga, TN, February 24--The Dixie Group reported income from continuing operations of $5,024,000, or $0.40 per diluted share, for the fourth quarter.
Cherry Hill, NJ, February 24--Avalon Carpet Tile and Flooring recently donated $50,000 to be shared among three charities in southern New Jersey.
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.
Plano, TX, February 24--J.C. Penney in the fourth quarter posted earnings that were up 30 percent to $333 million, or $1.17 a share. In the fourth quarter of 2003 the company reported a loss of $1.07 billion, or $3.42 a share.
New Delhi, India, February 24--Deputy Secretary of Labor Steven J. Law Thursday announced a $6 million aid commitment toward a joint project to eliminate hazardous and exploitative child labour in India.
Washington, DC, Orders for durable goods dropped 0.9 percent, according to the Commerce Department. Excluding a 5.3 percent drop in orders for transportation goods, new orders actually increased by 0.8 percent.
Chagrin Falls, OH, February 24--Johnsonite announced a 4-5% price increase on February 14 effective March 7, 2005.
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.
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.