Faus Group Names National Sales Manager
Dalton, GA, July 6--Faus Group has appointed Dan Snapper as National Sales Manager.
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.
Belk Completes Acquisition of 47 Stores from Saks
Charlotte, NC, July 6--Belk Inc. has completed its acquisition of 47 Proffitt's and McRae's department stores from Saks Inc.
Feltex in Merger Talks with Godfrey Hirst
Wellington, New Zealand, July 6--Feltex Carpets Ltd., New Zealand's biggest carpet maker, said it had spoken with Australian rival Godfrey Hirst about a possible tie-up between the two groups but did not indicate whether it would back such a move.
Pharr Yarns to Build New Manufacturing Plant
McAdenville, NC, July 6--Pharr Yarns, LLC will build a new state-of-the-art fiber extrusion plant adjacent to its Complex 46 facility in McAdenville, North Carolina.
Chain Store Sales Up 0.5% Last Week
New York, NY, July 6--Retail chain store sales increased 0.5% last week after falling 0.6% the prior week, according to the International Council of Shopping Centers.
Job Cuts Up in June
New York, July 6--Job cuts jumped 35 percent in June, with the number of layoff announcements pushing the monthly total to its highest level since January of last year, an employment firm said Wednesday.
Raymond James Reiterates Mohawk’s “Market Perform"
New York, NY, July 6--Analyst Sam Darkatsh of Raymond James reiterates his "market perform" rating on Mohawk Industries.
Lowe's Promotes Edwards to Sr. VP Store Operat
Mooresville, NC, July 6--Lowe's had named William W. (Bill) Edwards to the post of senior vice president-store operations for the north central division.
Factory Orders Up in May
Washington, DC, July 6—Factory orders rose 2.9 percent in May for the largest gain in 14 months, according to the Commerce Department.
Non-Manufacturing Activity Up in June
Tempe, AZ, July 6--Business activity in the non-manufacturing sector increased in June 2005, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report on Business.