Home Depot Reports Fourth Quarter Loss
Atlanta, GA, Feb. 24, 2009--Home Depot said it swung to a loss of $54 million, or 3 cents a share, in the fourth quarter after charges to exit businesses and write down its investment in HD Supply.
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Retail Sales Up Fourth Consecutive Week
New York, NY, Feb. 24, 2009--The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index increased 0.6% in the week ended Feb. 21.
World of Tile Purchased by Colorado Investors
Denver, CO, Feb. 24, 2009--Englewood, Colo. based World of Tile was sold Monday to a local group of investors, said Sean Kearns, president and chief executive of the company.
Macy's Profits Tumble in Fourth Quarter
Cincinnati, OH, Feb. 24, 2009--Macy's Inc. said its fourth quarter profits fell almost 59 percent.
Mohawk Swings To Loss in '08 on Impairment Charges
Calhoun, GA, Feb. 23, 2009--Mohawk Industries said it lost $1.46 billion last year or $21.32 per share.
Canada's Crossley Carpet Issues Layoffs
Truro, Nova Scotia, Canada – Crossley Carpet Mills has issued layoff notices as the economy continues to weaken.
Consumer Sentiment Keeps Falling
New York, NY, Feb. 24, 2009--Consumer sentiment fell more than expected in February, to the lowest level since its 1967 inception, the Conference Board said.
Toll Brothers Offering Mortgage Protection Plan
Horsham, PA, Feb. 24, 2009--High-end homebuilder Toll Brothers Inc. is offering a mortgage protection plan that will cover a buyer’s mortgage for up to six months if there is a job loss, the company said.
Invista Reaches Agreement With Union
Waynesboro, VA, Feb. 23, 2009--Invista and the United Workers Inc. union have reached a tentative contract agreement that would keep more workers on the job in Waynesboro.
Cavalier Carpet Sees Lower Earnings
Auckland, NZ, Feb. 23, 2009--Cavalier Carpets reported a 7 percent decline in interim profit, cut its dividend, and forecast a 30 to 40 percent fall in annual profit.