Remodeling Market Remains Strong in 2Q
Washington, DC, August 23--Remodeling activity continued to grow in the second quarter of 2005, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI).
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.
Homanit Likely to Abandon Polish Expansion
Herzberg, Germany, August 23--German wood fibre board manufacturer Homanit is likely to abandon its plans to invest EUR80m in the Polish city of Karlino because it is having trouble obtaining raw materials.
Pier 1 Warns of Larger 2Q Loss
Fort Worth, TX, August 23--Pier 1 Imports has cut is second quarter outlook and said it expects a larger than expected loss during the quarter.
Swiffer National Launch Calls Attention to Mohawk
Dalton, GA, August 23--Mohawk’s participation in the national launch of a new Swiffer product promotes the Mohawk brand and makes it easy for consumers to locate nearby retailers who carry Mohawk products.
Williams-Sonoma 2Q Earnings Up 12%
San Francisco, August 23—-Retailer Williams-Sonoma reported second-quarter net earnings that rose 12% to $30.8 million, or $0.26 a share, from $27.6 million, or $0.23, a year ago.
Chain Store Sales Fall For Third Straight Week
New York, NY, August 23--Chain store retail sales fell for the third consecutive week, as retailers felt the effects of consumers cutting back on spending due to record high gasoline prices, a retail report said on Tuesday.
Hottest Housing Markets Overvalued
New York, NY, August 22--Roughly one-third of the market for single-family homes is extremely overvalued, according to National City Corp.
Unredeemed Gift Cards Spell Added Profits for Reta
St. Petersburg, FL, August 22—-A nice added bonus to the profits of the nation’s retailers are some unspent consumer dollars, according to the St. Petersburg Times.
CRI Partners with Florida DEP's Green Lodging
Dalton, GA, August 22--The Carpet and Rug Institute (CRI) has joined forces with the Florida Department of Environmental Protection (DEP) to help Florida’s lodging industry create a healthier and safer indoor environment and reduce the generation of solid
Glen Eden Creates New Positions
Calhoun, GA, August 22--Business is booming for Wools of New Zealand Brand partner, Glen Eden Wool Carpet, with sales in June reported to be the highest in the company’s history.