Home Textiles Today - December 11, 2000

FORT MILL, SC -As it modernizes yarn spinning and consolidates some production at two of its bedding plants, a move affecting 320 workers, Springs Industries Inc. said it will record a $1.8 million charge against fourth-quarter profits, picking up the tab for a move that will eventually save the company about $2.2 million a year.

• Business Today
• Pier 1 3Q profits climb 45%
• December off to slow start for key retailers
• Stable market dips only slightly
• Springs cut from S & P drops stock
• Industry can expect cotton price hike

• Feature
• IFDA Holiday Gala

• News
• Hunter Douglas forms new div.
• Kravet gets Laura Ashley license
• Shull replaces Kaul at Hanover
• Eatons reopens doors with downtown appeal
• Glenoit consolidates operations to NC
• Quaker Suede newest technology
• SWATCHES
• Pillowtex secures DIP financing
• Hanover replaces ceo Kaul with Shull
• Value City adds Kolberas vp, ceo
• Lands' End adds coo, but to lose three execs
• ROD INNOCENTI JOINS COVINGTON INDS.
• BlueLight.com acquires free Internet provider
• Pillowtex idles three NC plants
• USgift to supply Service Merch. site
• ITMAEF TO SPONSOR OPENING NIGHT RECEPTION
• HomeBase shifts to home fashions
• ATMI: Import growth slows slightly during record year
• Strouds taps Valone as new gmm
• Industry finds home at 230 Fifth Avenue
• Elrene to add Warren Kimble

• Opinion Today
• No collateral needed
• New segment redesigns market
• Talent crunch

• People Today
• Garmyn slated as director at H. Douglas
• Elder-Beerman hires Zwerner as sr. vp, gmm
• Willis hired as Kmart cmo
• Sam's Club promotes senior management
• Natura adds to sales and communications
• Nardelli named Home Depot ceo