Home / Knowledge / News / Textiles / Fading glory of Carpet Capital concerns entrepreneurs
Fading glory of Carpet Capital concerns entrepreneurs
22
Nov '08
Northwest Georgia has been known as 'The Carpet Capital of the World', as this industry is the key economic pillar of the region with annual mill sales exceeding US $14 billion.

However, carpet and floor-covering industry is being adversely affected by global recession, especially due to rising production cost and lack of demand in the market.

Carpet's market share has fell recently as consumers' started preferring hardwood, laminate and tile, which are easier to clean. Nevertheless, carpet still accounts for more than 60 percent of all flooring sold despite the fact that over the last two years carpet sales have slowed by about 350 million yards annually.

Many companies are opting for cost-cutting strategies including downsizing that has left significant number of workers unemployed. This industry accounts for over 70,000 jobs nationwide with an annual payroll of more than $4 billion.

However, in the recently held annual meeting of Dalton-based Carpet and Rug Institute (CRI), delegates stressed that this rough phase was only temporary and would soon pass as home-textile industry has a bright future.

Many of the floor-covering industry's top delegates, including Jim Bethel of J&J Industries, Vance Bell of Shaw Industries, Boe, Dan Frierson of The Dixie Group, Russell Grizzle of Milliken and Co, Jeff Lorberbaum of Mohawk Industries and Ralph Boe, President and CEO of Beaulieu of America, participated at this event.


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X