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A year to remember.

NEW YORK -- What a year it's been for home textiles! There were an abundance of acquisitions, a bevy of branding maneuvers and the number of executive departures and arrivals was greater than ever.

The good news is that there was no lack of new products and fresh trends, all of which propelled the industry forward this year. And that is sure to continue in 1998.

We have highlighted some of the hottest headlines, the most compelling issues, and the people and companies that had an impact on the home textiles industry during this very busy year. See The Year in Review, page 32.

Hot Headlines

* Michael Shelton New Chief at Valdese 1/6/ 97

* Amalfi Spreads to Pfaltzgraff, 1/6/97

* New in Bath Towels, L.C.I. Offering Mass, Upstairs Lines, 1/13/97

* Springs Tops its Record, Home Goods Sales Hit $1.8 Billion in 1996, 2/3/97

* Babies Make it to the Big Time, Stores Get in on the Infant Bedding Boom, 2/10/97

* Lauren Eyes IPO, Goldman Plans Spring Issue , 2/17/97

* Towel Turf Wars, Bibb Deal Boosts WestPoint Share 2/24/97

* Kmart's $10M Bet on Martha, Ad Blitz Launches Everyday Line, 2/24/97

* A Growth Move, Pillowtex Names Jeff Cordes President, 2/24/97

* Rubbermaid inks licensing agreement with Town & Country, 3/17/97

* Strouds to Shed up to 16 Stores, 4/7/97

* Australia Linkup for CHF, Gets Exclusive for Peri Line in the U.S., 6/16/97

* Textile Redesign at Sears, 150 Stores Set for Visual Makeover, 5/19/97

* DHA Cash Boost, Trades Financial Control for $20M, 5/26/ 97

* Karan to Hit Home in October, 7/7/97

* Penney Stakes Claim to a New Customer with Laura Ashley Shops, 9/15/97

PEOPLE ARRIVING

* Marion Murray, creative director for home textiles, Federated

* Reuben Lentz, executive VP , Weathervane Hill

* Larry Pollock, exec VP and COO, HomePlace

* Meri Stevens, president, Weathervane Hill

* J. Berrye Worsham, executive VP and COO, Cotton Inc.

* Kevin Finlay, president sales and marketing division, Pillowtex

* David Lyttle, VP, sales, Glen Raven

* Dan Bonini, VP marketing, Waverly

* John Idol, CEO, Donna Karan

* Joan Karron, executive VP strategic market development, CHF

* Jim Whitehead,DMM, table linens, domestics and luggage, Waccamaw

PEOPLE DEPARTING

* Reuben Lentz, VP and general manager, Waverly Fabrics

* Kevin Finlay, president fashion sales and marketing, Fieldcrest Cannon

* Wayne Selness, president and chief executive, Strouds

* David Lyttle, Cytec

* Gerald Andrews, president and CEO, Johnston Industries

* John Idol, group president, product licensing, Polo Ralph Lauren

* Jim Monro, co-founder, HomePlace

* Jim Whitehead, VP merchandising, Pacific Linen

* Warren Flick, president, Kmart

* Ann Iverson, CEO, Laura Ashley

* Bill Heitman, division VP, Fieldcrest/Cannon Acquisitions

* Joan Fabrics buys Mastercraft Group

* Culp buys Phillips, Artee and Wetumpka operation of Dan River Inc.

* Dan River buys New Cherokee

* WestPoint Stevens buys U.K.-based P.J. Flower

* Crown Crafts buys NoJo

* Plej's buys Linen Supermarket

* Hancock Fabrics buys 48 Northwest Fabrics & Crafts stores

* Pillowtex buys Fieldcrest Cannon

MOST TALKED ABOUT...

...Companies

*Pillowtex and Fieldcrest/Cannon

*Springs Industries

*Martha Stewart Living Omnimedia

*Kmart

*Decorative Home Accents

*CHF

...People

*Crandall Bowles

*Elkin McCallum

*Frank Foley

*Tommy Hilfiger

*Donna Karan
COPYRIGHT 1997 MacFadden Communications Group LLC
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Copyright 1997 Gale, Cengage Learning. All rights reserved.

Article Details
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Title Annotation:1997 in the textile industry
Author:Rush, Amy Joyce; Brannigan, Kathleen
Publication:HFN The Weekly Newspaper for the Home Furnishing Network
Date:Dec 29, 1997
Words:526
Previous Article:Table linen stars: appetites keen for textures, florals, plaids, solids.
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