Stanley Furniture 4Q Earnings Up 3%
Stanleytown, VA, February 1, 2006--Stanley Furniture Co., said Monday that its fourth-quarter profit increased 3 percent, beating its own forecast, though sales declined.
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.
Mohawk Opens $70M Spinning Plant
Houston, TX, February 1, 2006--Researched by Industrialinfo.com. Mohawk Industries Incorporated has opened a new $70 million yarn spinning plant.
Linens ‘n Things Shareholders Approve Apollo Merge
Clifton, NJ, February 1, 2006--Linens 'n Things Inc. shareholders voted on Monday to approve the acquisition of the retailer by Apollo Management, L.P.
Propex Fabrics Completes SI Acquisition
Austell, GA, February 1, 2006--Propex Fabrics Inc. announced the completion of its acquisition of SI Concrete Systems Corporation and SI Geosolutions Corporation.
Anso’s Newest, ColorSolutions
Las Vegas, February 2, 2006--Anso nylon, a premium brand of Shaw Industries External Fiber Sales and Marketing, presents its latest nylon technology: Anso ColorSolutions® nylon.
Fed Raises Rates on Greenspan's Last Day
Washington, DC, February 1, 2006—The Federal Reserve raised interest rates a 14th straight time, suggesting a 19-month campaign was near an end while saying higher borrowing costs may yet be needed.
Chain Store Sales Off Last Week
New York, NY, February 1, 2006--Chain store sales fell last week, posting their second pronounced weekly decline in a month, according to a report on Tuesday.
Consumer Confidence Up in January
New York, NY, February 1, 2006--The Conference Board said that its consumer confidence index rose to 106.3, the highest level since June 2002, when the reading was also 106.3.
San Francisco Mart Falls Victim to World Market Ce
San Francisco, CA, February 1, 2006--The World Market Center's debut has delivered a one-two punch that has all but KO'd the 90-year-old San Francisco Mart furniture show, whose organizers have now turned it into a show for gift exhibitors, accord
Nepal’s Carpet Export Dip
Kathmandu, Nepal, February 1, 2006 - Export of hand-knitted woollen carpet, the second largest foreign currency earning exportable commodity, has declined by 9 percent in terms of quantity during the first six.