Oriental Carpet Expert Keshishian Dies
Chevy Chase, MD, May 20--James Mark Keshishian, 78, who for the past 30 years was president of Mark Keshishian & Sons, his family's oriental carpet business
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.
Shaw's Barron Selected GTMA Chairman
Dalton, GA, May 21--William A. Barron, Jr., vice president of manufacturing for Shaw Industries, was recently elected chairman of the Association of Georgia's Textile, Carpet and Consumer Products Manufacturers, according to the Dalton Daily Citizen.
Home Depot Continues Cost Cutting
Atlanta, GA, May 20--Home Depot's sweeping effort to cut costs has spread to its relationships with independent contractors who stock and maintain merchandise in stores, and some of them aren't happy about it, according to the Atlanta Journal Cons
Home Depot Has Record First Quarter Earnings
Atlanta, GA, May 20--The Home Depot, the world's largest home improvement retailer, today reported record first quarter net earnings of $907 million ($0.39 per diluted share) for fiscal 2003, compared with net earnings of $856 million ($0.36 per dilut
Judge Lets Suit Against Stewart Proceed
New York, NY, May 20--A judge ruled Monday that an investor lawsuit against Martha Stewart's company may proceed through the discovery process.
Pergo/Witex Merger On Hold
Trelleborg, Sweden, May 20--In April, Pergo's acquisition of Witex was postponed to sometime in May because financing for the new group had not yet been secured in a manner acceptable to the parties.
Hatch to Introduce Asbestos Bill Thursday
Washington, DC, May 20--The Republican senator crafting legislation to curb asbestos lawsuits said on Monday he would introduce a bill this week, and he appeared to have picked up a pledge of co-sponsorship from at least one Democrat.
Radici Group Signs European License Agreement for
Milan, Italy, May 16--The Radici Group today signed a master license agreement to produce and sell Ingeo fiber, a new technology that allows man made fibers to be derived from 100 percent annually renewable resources.
Lowe's Has Record First Quarter Earnings
Wilksboro, NC, May 19--Lowe's Companies reported net earnings of $421 million for the quarter ended May 2, a 21.7 percent increase over the same period a year ago. Diluted earnings per share increased 20.5 percent to $0.53 from $0.44 in the first quar
Flooring America Sales Jump
Manchester, NH, May 19--Flooring America has enjoyed a substantial sales increase in the past year, in spite of economic conditions that have left the rest of the flooring industry relatively flat, according to Flooring America President Evan Hackel.