U.S. Home Systems Cuts Profit Guidance
Dallas, TX, June 18--U.S. Home Systems Inc. which designs and sells home improvement products, on Friday lowered its quarterly profit forecast in part because of higher lumber costs.
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.
U.S. Hardwood Exports to China Growing
Bejing, China, June 18--China's imports of US hardwood have been experiencing rapid growth thanks to the country's protection of forest reserves and fast-expanding furniture and interior decoration market, according to Asia Intelligence Wire.
Sun Valley Opens Recycling Plant in Tennessee.
Delray Beach, FL, June 18-- Recycler Sun Valley Worldwide Inc. has commissioned a plant to reprocess bags, carpet and other plastic materials.
Linens 'n Things Names New President & COO
Clifton, NJ, June 17--Linens 'n Things, Inc., one of the leading, national large format retailers of home textiles, housewares and home accessories, today announced the hiring of Jack E. Moore, Jr., as President and Chief Operating Officer.
Mohawk to Build New Facilities in Georgia - Update
Calhoun, GA, June 18---Mohawk Industries said Thursday it will invest $33 million in two new assembly and distribution centers in Calhoun, Ga. Mohawk’s corporate headquarters are located in Calhoun as are many of the company’s assets.
Pergo Listed on Attract40 Segment of Stockholm Exc
Trelleborg, Sweden, June 17--Pergo shares will be listed on the Attract40-segment at Stockholm Exchange (Stockholmsbörsen) starting July 1st 2004.
Raymond James Maintains Mohawk’s Rating
New York, NY, June 17--Analyst Sam Darkatsh of Raymond James maintains his "market perform" rating on Mohawk Industries.
Greenville-Spartanburg Airport Field Named for Rog
Greenville, SC, June. 17--In an honor nearly 50 years in the making, the airfield at Greenville-Spartanburg International Airport was named Roger Milliken Field on Tuesday morning.
Lowe's Reports No Signs of Softening Business
Mooresville, NC, June 17--Lowe's Cos. executives on Wednesday again played down concerns that the home-improvement retailer's business will be hit hard as interest rates rise.
Tandus Announces First Quarter Earnings
Dalton, GA, June 17--Tandus Group, Inc., which includes Collins & Aikman Floorcoverings, Inc., and subsidiaries, announced its financial results for the first quarter (13 weeks) ended May 1, 2004.