Aberdeen, N.C. – Hampton Capital Partners, dba Gulistan Carpet (“Gulistan”), announced today that it filed a voluntary petition for Chapter 11 business reorganization in the U.S. Bankruptcy Court for the Middle District of North Carolina. The business reorganization is intended to enable Gulistan to investigate options to sell the business to a third party or to execute an orderly wind down of its operations. Continue reading Gulistan Carpet files for Chapter 11 protection
Volume 26/Number 16; Dec. 17/24, 2012
Hanley Wood, Surfaces’ owner, claimed a 10% increase in attendance at the 2012 event, while participants noted steady traffic throughout the three-day event. For the first time in years, Surfaces held a feeling of renewed optimism for the flooring industry
“You could tell something is changing and the overall mood of the people was better,” said Scott Levy, executive vice president of operations for Scranton, Pa.-based Arley Wholesale, a tile distributor. Continue reading February 2012 — Surfaces 2012: Optimism, steady traffic take center stage
By Matthew Spieler
Volume 27/number 15; December 3/10, 2012
When it comes to the carpet industry, soft is the key word. Soft as in softer products continuing to expand, and soft as in the ways sales continue to be.
While fibers keep getting softer, to the point where some carpets feel like cashmere, sales are starting to come out of their funk. Overall dollars may have been flat for the year and units a tad down, but compared to how things have been most executives are OK with these results.
The carpet category, like many other sectors, is going into 2013 with some uncertainty due to varying economic conditions that could tilt business either way. Nonetheless, executives are optimistic and are expecting 2013 to be a little better than 2012. Continue reading Executive forecast: Soft continues to be king—from products to sales
by Louis Iannaco
As the third quarter of 2012 came to a close, FCNews spoke with major players in the carpet industry regarding business, particularly this year’s challenges, consumer trends, technological advances, and predictions on how the year will finish up along with projections for next year.
The general consensus is a familiar story, for the most part: Sales are neutral or flat overall with some small spurts and the potential for growth in the future. Mohawk’s president of residential and commercial, Tom Lape, said, 2012 has not lived up to the anticipated demand the industry thought it would see. “Business began a little stronger in the early part of the year, but that momentum has not sustained from an overall perspective.” Continue reading State of the industry: Carpet pulse leaves room for growth
by Celia Payne
Las Vegas—Surfaces 2012 presented the opportunity to shine—even brighter than the Vegas strip. The successful protagonists at the show know you must set yourself apart among a sea of introductions. Continue reading What happens in Vegas shouldn’t stay in Vegas
Las Vegas—When the National Floorcovering Alliance (NFA) meets here each year on the morning prior to Surfaces, one of the primary goals is to expose its members to vendors not present at the group’s two major gatherings in the spring and fall. Referred to as tier 2 suppliers, members have the opportunity to spend three hours with “specialty vendors” in a table-top trade show format, allowing them to fill in gaps and/or further differentiate their product lineup from their competition. Continue reading Specialty vendor, Stainmaster roll buy in spotlight
Improving economy gives show best feeling in years
by FCNews staff
Las Vegas—Immediately after the curtain was raised on the stage that was Surfaces 2012, it was apparent to everyone from manufacturers to contractors to retailers that something was different in the air at the Mandalay Bay Convention Center. Continue reading Optimism, steady traffic take center stage
Carpet mills continue to invest in technology, hope for a turnaround
By Louis Iannaco
In broadloom, it continues to be about the housing market and, according to mill execs, jobs. 2011 can best be described as flat, and as for what executives see for 2012, all indicators continue to point to housing/the economy and unemployment as key indicators for the category’s health.
This is not to say mills have not invested in themselves, and plan to do so in the coming year with technology and social media playing major roles. A light at the end of the proverbial tunnel continues to be commercial, which once again fared better than residential. Continue reading Executive forecast: Carpet mills continue to invest in technology, hope for a turnaround
When it comes to showcasing the best of the best, broadloom producers are giving dealers and consumers a lot more to choose from these days, including a larger palette of colors, new softer-than-ever yarns and the strongest durability and performance story in industry history. Here are some of the high-end products on the market today.
Evolve from the Bliss by Beaulieu HealthyTouch collection is one example of a higher-end, successful product from the largest carpet-only manufacturer in America, noted Jeff Meadows, chief marketing officer. “Evolve proves conclusively that ‘high-end’ need not be ‘high-priced’ because it combines the softness and style of a fine luxury residential carpet with incredible practicality for everyday life.” Continue reading Broadloom producers place spotlight on their best
Fall is in the air, and the industry’s broadloom producers are ready. Here are several new and colorful products that a few of the mills have to offer for the upcoming season. Continue reading Fall product preview: Carpet manufacturers show true colors