Open Letter to Retailers & Distributors from Witex
Kennesaw, GA, August 12--Roland Elbracht, president, Witex Flooring Inc. posted the following open letter to Witex and Laura Ashley distributors and Retailers on the Internet:
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.
Armstrong Technology Offers New Looks in Laminate
Lancaster, PA, August 12--New looks in laminate flooring from Armstrong are now available through additions to both the Pacific Height Strip and next-generation tile visuals for the Nature’s Gallery laminate collections.
Propex Names New CEO
Austell, GA, August 12--Edmund A. Stanczak, Jr. has been named president and CEO of Propex Fabrics Inc., effective August 16, 2005.
Target Beats 2Q Estimates
Minneapolis, MN, August 11--Target Corp. reported second quarter net income of $540 million, or $0.61 per share, down from $1.41 billion, or $1.53 per share, the year before.
Nature Stone to Offer Franchises in Western Pennsy
Bedford OH, August 11--Nature Stone founder/owner Russ Masetta announced the company will offer exclusive franchises in western Pennsylvania and Ohio for its stone and epoxy flooring.
NRF Names New Chair of Women in Loss Prevention Ca
Washington D.C., August 11--The National Retail Federation (NRF) welcomed the newest Chairperson of the NRF Women in Loss Prevention Caucus.
50 Million Visited Blogs in 1Q 2005
Reston, VA, August 11--A new report found that nearly 50 million Americans, or about 30 percent of the total U.S. Internet population, visited blogs in Q1 2005, an increase of 45 percent compared to Q1 2004.
Sears Hiring After April Firings
Hoffman Estates, IL, August 11--Months after firing 850 workers, Sears Holdings Corp. is hiring again.
Business Sales Up, Inventories Steady
Washington, DC, August 11--Businesses inventories held steady in June and rising sales pushed the stocks-to-sales ratio down to a record low, the government said on Thursday.
UK Retailer Carpetright Under Fire from Investors
Rainham, England, August 11--Carpetright chairman and chief executive Lord Harris is under fire from an investor lobby group for his apparent unwillingness to relinquish one of his roles.