Home Textiles Today - May 28, 2001

NEW YORK — Proving that the bath is more than just a niche category, the home textiles segment continued its steady ascent last year with 7.4 percent growth to $2.9 billion. For manufacturers like Panorama City, CA-based Veratex, which creates full coordinate lines for the bath, that figure is a reflection of consumers' increased interest in the category.

• Business Today
• Hancock grows 1Q profits by 14%
• Redbook: same-store sales grow
• Jo-Ann records 1Q deficit of $6.4M
• Business briefs
• Kohl's differentiates with 42% profit push
• Target Corp. earnings climb 6% to $254M

• Fabrics Today
• Deco Contract joins in
• Texoprint targets U.S. market
• Seena to be seen in new Miami showroom

• News
• IMRA outlines retail survival strategy
• Hollander settles union strike
• Retail briefs
• Warren Kimble targets textiles
• Riddle & Cockrell to buy Gold Coast
• JCPenney to differentiate with Croscill sheet rollout
• Stein Mart's Torreyson to retire
• Target to grow with new stores
• Kids 'R' Us tests waters in juvenile bedding, bath
• FIT group awards MVA to Judi Alexander
• Rug vendors held over a barrel
• Davidson rethinks sourcing strategy
• Echo enters rug fray with Trade Am
• China Textile & Apparel Show back in NY

• Opinion Today
• Selling it short
• Uncertainty discounts IMRA
• Meeting in the middle

• People Today
• Lees adds Grogan
• Oriental Weavers to relocate, expand DC
• Industry vet Gunst dies
• Whisper gains two new execs
• Levitt joins Divatex
• Outing to tee off on June 18