Tile Shop Holdings Reports Lower Q2 Earnings

Minneapolis, MN, July 29, 2014 -- Tile Shop Holdings reported second quarter net income of $4.0 million, down from $6.5 million in the same quarter last year.

However, net sales grew 14.7% to $66.7 million, compared with $58.1 million for the second quarter of 2013.

The $8.6 million increase in sales was driven by incremental net sales of $8.4 million from stores not included in the comparable stores base.

Comparable store sales increased 0.3% or $0.2 million in the quarter.

The company said that sales at both new and existing stores were hurt by significant changes in the economic environment as compared to the prior year.



Other Archived Articles

More Designers, Architects Attend Surfaces   Full Article
Dallas, TX, Feb. 12, 2015 -- Informa Exhibitions U.S. said that attendance at this year's International Surface Event was comparable to the 2014 show.

Retail Sales Decline in January   Full Article
Washington, DC, Feb. 12, 2015 -- Retail sales fell 0.8% last month, according to the Commerce Department.

Jobless Claims Edge Up Last Week   Full Article
Washington, DC, Feb. 12, 2015 -- Initial applications for unemployment benefits last week rose 25,000 to a seasonally adjusted 304,000, the Labor Department said.

Milton Warman, Coloramic Tile Founder, Dies   Full Article
Chicago, IL, Feb. 12, 2015 -- Milton Warman, 92, founder of Coloramic Tile and Carpet Fair, died Feb. 7.

House Price Growth Steady in Most Markets   Full Article
Washington, DC, Feb. 12, 2015 -- The majority of metropolitan areas experienced steady but slightly stronger price growth in the fourth quarter, according to the latest quarterly report by the National Association of Realtors.

Stonewood Floors Names Martin Senior Vice President   Full Article
Everett, WA, Feb. 11, 2015 -- Daniel Martin been named senior vice president for Stonewood Floors.

Mortgage Application Volume Declines Last Week   Full Article
Washington, DC, Feb. 11, 2015 -- Mortgage applications last week decreased 9% from one week earlier, according to the Mortgage Bankers Association.

December Foreclosures Lowest Since 2007   Full Article
Irvine, CA, Feb. 11, 2015 -- There were 39,000 completed foreclosures nationwide in December, according to real estate information firm CoreLogic.

Nydree Expands Distribution Agreement With Spartan   Full Article
Forest, VA, Feb. 11, 2015 -- Engineered wood flooring maker Nydree Flooring has chosen Spartan Surfaces to distribute its products in Virginia, Washington, D.C., and Maryland.

Mohawk, Shaw, Tandus/Centiva Again on Training 125 List   Full Article
New York, NY, Feb. 11, 2015 -- Training magazine has ranked Mohawk Industries 14th, Shaw Industries 54th, and Tandus/Centiva 66th on its annual list of top training organizations.

NeoCon East Moving to Philadelphia   Full Article
Chicago, IL, Feb. 11, 2015 -- The 13th edition of NeoCon East will be held Oct. 28-29 in Philadelphia.

Small Business Optimism Down Slightly in January   Full Article
Washington, DC, Feb. 10, 2015 -- Optimism among small business owners fell in January, according to the National Federation of Independent Business.

Job Openings at Highest Level Since 2001   Full Article
Washington, DC, Feb. 10, 2015 -- Job openings increased to more than 5 million in December, according to the Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics.

Wholesale Inventories Edge Up in December   Full Article
Washington, DC, Feb. 10, 2015 -- U.S. wholesale inventories ticked up in December but below expectations, according to the Commerce Department.

Congoleum Names O'Connor CFO   Full Article
Mercerville, NJ, Feb. 10, 2015 -- Congoleum Corporation said that Chris O’Connor has been named chief financial officer.

U.S. Firms Win Domotex Carpet Awards   Full Article
Chicago, IL, Feb. 10, 2015 -- Hannover Fairs USA said its U.S. exhibitor clients, Wool & Silk and Art Resources, received Carpet Design Awards at Domotex 2015.

Share of 'Zombie' Foreclosures Growing   Full Article
Irvine, CA, Feb. 9, 2015 -- The share of so-called "zombie" foreclosures is growing, although the absolute number is falling, according to tracking firm RealtyTrac.

RD Weis Marks 25th Anniversary   Full Article
Tarrytown, NY, Feb. 9, 2015 -- RD Weis threw a party this weekend to celebrate its 25th anniversary complete with balloons, historic photos, friends, suppliers and employees.

USFloors Names Commercial Sales Vice President   Full Article
Dalton, GA, Feb. 9, 2015 -- Rick Morris has been named vice president of sales for USF Contract, the commercial division of USFloors.

Cavinato Elected President of Global Flooring Alliance   Full Article
Dordrecht, The Netherlands, Feb. 9, 2015 -- Carlo Cavinato has been named president of the Global Flooring Alliance.