UK’s Carpetright Sales Off 7%
Rainham, England, August 17--Britain's biggest carpet retailer Carpetright yesterday blamed weak consumer spending and disruption caused by the London bombings for a sharp fall in sales over recent weeks.
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.
Industrial Production Inches Up 0.1%
Washington, DC, August 16--Output at the nation's factories, mines and utilities rose by a modest 0.1% in July, according to a Federal Reserve report.
Study: More Recycling Would Benefit Georgia’s Econ
Atlanta, GA, August 16--Digging through 60 tons of trash taught researchers a lesson - what's good for the garbage dump, they say, also is good for Georgia's economy.
J.C. Penney 2Q Income Up 79%
Plano, TX, August 16--J.C. Penney in the second quarter reported income from continuing operations that rose 79% to $22 million, or $0.46 a share, up from a year-ago equivalent profit of $68 million, or $0.22 a share.
Wal-Mart 2Q Earnings Up 6%
Bentonville, AR, August 16--Wal-Mart reported second-quarter earnings that rose 6% to $2.8 billion, or $0.67 per share. The company reported sales that were up 10.2% to $76.8 billion.
Houston Cleaning Service Joins Bio-Solutions
Hattiesburg, MS, August 16-- Bio-Solutions Franchise Corp., the exclusive marketing company for Bio-Solutions Manufacturing announced that Allison & Sons, has acquired the EcoSafe Cleaning Service franchise for Houston and Harris County, Texas.
Patcraft Commercial Carpet Unveils Pinstripe Tile
Dalton, GA, August 16--Bold graphic stripes and a visual color texture combine to create Pinstripe Tile’s stylized geometry, a new product from Patcraft Commercial Carpet.
Propex Fabrics Reports 2Q Results
Austell, GA, August 16--Propex Fabrics reported total net revenue that increased $10.3 million, or 6.5%, from $157.8 million in the second quarter of 2004 to $168.1 million in the three months ended June 30, 2005.
Hunter Douglas Forms Horizontal Blinds Division
Upper Saddle River, NJ, August 16--Hunter Douglas has formed the Hunter Douglas Horizontal Blinds Division, headed by Bob Kopf.
Housing Starts Slip 0.1% in July
Washington, DC, August 16--Housing starts fell 0.1 percent in July from a four month high in June, according to the Commerce Department.