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
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.
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.
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.
Builder Confidence Strong & Steady In May
Washington, DC, May 17--Builder confidence in the new-homes marketplace held firm at a healthy level in May, the National Association of Home Builders (NAHB) reported today.
J.C. Penney Earnings Off
Plano, TX, May 18--J.C. Penney Co Inc. reported lower quarterly net profit, hurt by charges from the sale of the Eckerd drugstore chain, although sales rose almost 9%.
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.