Home Textiles Today - May 7, 2001

NEW YORK — Busy coping with the wrenching demands of a radically shifting textiles landscape — stepping up global sourcing, and at the same time shutting down excess U.S. capacity, most notably in sheets and towels — domestic textiles producers are sharply scaling back their capital spending outlays to adjust to a new reality.

• Business Today
• Redbook on target with same-store sales up 2.7%
• NAPM index climbs but stays below 50%
• Housing growth bucks economic trend
• Cotton production lowers prices
• Burlington posts 2Q loss of $4.4M
• TeleCheck records strong retail results during April

• News
• G.E. pulls the plug on Spartan biz
• Retail briefs
• Design Network takes over 295 suite
• Avanti joins Warren Kimble lineup
• IFDA luncheon looks to future
• Springs bolsters creative team
• Spartan's Leonard keeps fighting
• HomeStyles, Ellery form alliance to capitalize on synergies
• 99 Cents Only taps new vp, finance
• For the record
• LNT makes it a priority to raise productivity
• HomePlace calls it quits after failure to get cash
• House2Home plots growth plan
• George Little, Decorex to team up
• Hollander PA plant joins union strike
• The Rug Market climbs into juvenile bedding
• IMRA 2001 to feature new trade show concept
• Kensington looks to window coverings for sales
• Waverly takes a Canadian Holiday
• Carpet-Art-Deco adds Burlington room rug biz

• Opinion Today
• Color on cue
• Getting back to the basics
• A matter of perspective