Clinch Mountain Expands Hardwood Plant
Lebanon, VA, May 3, 2006--Clinch Mountain Finishing & Logistics, a hardwood flooring manufacturer, will expand its Russell County facility, creating 220 jobs, Gov. Timothy M. Kaine announced Tuesday.
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.
Hellenic Rug Expands AmericasMart Showroom
Atlanta, GA, May 3, 2006--Hellenic Rug Imports has expanded its AmericasMart Atlanta showroom to a 6,600 square feet. The company has expanded its AmericasMart facilities annually since 2000.
Thomasville Furniture Closing North Carolina Plant
Thomasville, NC, May 3, 2006--Thomasville Furniture Industries Inc., said yesterday that it is shutting down its last manufacturing plant in the company’s hometown, cutting 278 jobs by the end of July.
Natural Area Rugs Intros Cosmopolitan Shags
Beverly Hills, CA, May 2, 2006--A new line of Cosmopolitan shag rugs has been introduced by Natural Area Rug.
Chain Store Sale Up Last Week
New York, NY, May 2, 2006--Retail chain stores sales rebounded last week, an industry group reported Tuesday.
New Cleaning Products Get CRI Approval
Dalton, GA, May 2, 2006—A total of seven new cleaning solutions have earned a designation as CRI Seal of Approval certified products after passing a series of stringent tests performed by an independent laboratory.
Hovnanian Cuts 2Q Guidance
Red Bank, NJ, May 2, 2006--Home builder Hovnanian Enterprises Inc., slashed its second-quarter and full-year outlook on Monday, citing slowing sales, production delays and increased use of concessions and incentives.
Layoffs at Memphis Hardwood Flooring
Memphis, TN, May 2, 2006--According to the Memphis Business Journal, Memphis Hardwood Flooring Company Inc., recently laid off 112 of its 450 employees.
Pier 1 Drops on Downgrade
New York, NY, May 2, 2006--Pier 1 Imports Inc., shares slumped on Monday, weighed by a bearish note from Lehman Brothers saying sharply higher energy prices would pressure the retailer's budget-minded customers.
Sears Defends offer for Sears Canada
Hoffman Estates, IL, May 2, 2006--Sears Holdings Corp., denied that shareholders Scotia Capital and Bank of Nova Scotia, which backed its plan to completely acquire Sears Canada, were acting on its behalf.