Toray Ready to Market Biodegradable Carpet
Tokyo, Japan, May 19--Fiber products manufacturer Toray Industries is ready to market a new biodegradable carpet for home use.
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.
GE, Honeywell Seek to Reverse EU Merger Veto
Luxembourg, Luxembourg, May 19--General Electric Co. and Honeywell International Inc. will argue next week that European Union regulators ``ignored evidence'' and ``committed errors of fact and assessment'' when they scuttled their propose
Home Depot Posts Record First Quarter Earnings
Atlanta, GA, May 18--Home Depot today reported record first quarter net earnings of $1.1 billion, $0.49 per diluted share, up 26%, for the first quarter of fiscal 2004.
Fargo Retailer Moves to New Location
Fargo, ND, May 21--The locally owned floor coverings outlet, Carpet World has purchased land and is building a larger outlet at 4601 17th Ave. S. in Fargo, near Home Depot.
Mohawk Carpet Featured at TV Award Show
Dalton, GA, May 20--Daytime television’s hottest stars will be recognized at this year’s Daytime Emmy Awards, and so will the fight against breast cancer.
Housing Starts Decline
Washington, DC, May 18--Anticipation of higher interest rates dampened home-building activity in April with residential construction experiencing a slight decline of 2.1% to an annual rate of 1.969 million new units.
Mullican Adds to Customer Service Team
Johnson City, TN, May 18--Karen Williams has joined Mullican Flooring’s customer service department at the company’s headquarters in Johnson City, TN.
Pergo Adds to Global Management Team
Trelleborg, Sweden, May 18--Diane Tate, VP Intellectual Properties, has been appointed Senior Vice President Technology and Intellectual Properties. Diane will become a member of the Global Management Team.
Sears Institutes Hiring Freeze
Hoffman Estates, IL, May 18--Citing disappointing sales, Sears, Roebuck & Co. has instituted a hiring freeze and is cracking down on discretionary spending to reduce costs.
Tarkett Commercial to Increase VCT Prices
Houston, TX, May 18--Tarkett Commercial will initiate a 4% to 7% increase on all Vinyl Composition Tile and related products effective June 1, 2004.