Pier 1 2Q Losses Narrow
Fort Worth, TX, September 21, 2007--Pier 1 Imports reported a smaller quarterly loss as it phased out its Kids and Internet segments, but the results missed expectations and its stock fell as much as 6%.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Surfaces Named as One of Top Trade Shows
Dallas, TX, September 19, 2007--Surfaces has been named by Tradeshow Week as one of the 50 fastest-growing tradeshows in North America.
Lowe's to Open First Canadian Stores
Toronto, Ontario, September 19, 2007--Lowe's said that its subsidiary, Lowe's Companies Canada, plans to open its first three stores in Canada the week of Dec. 10.
Leading Indicators Decline in August
Washington, DC, September 20, 2007--The Conference Board said that its index of leading economic indicators dropped substantially in August, which could portend a slowdown in economic growth.
Jobless Claims Down, Better Than Expected
Washington, DC, September 20, 2007—Jobless claims were off 9,000 to 311,000 in the week ended September 15, according to a Labor Department report.
Monster Says Local Online Recruitment Up
New York, September 20, 2007--Online job availability rose in 21 of the top 28 U.S. metro markets in August, reflecting a modest rise in online recruitment activity across a majority of major U.S. markets.
Home Depot to Close 11 Landscape Stores
Atlanta, GA, September 20, 2007--Home Depot said it plans to close its 11 Landscape Supply stores within the next two months.
Fed Cuts Rates 50 Basis Points
Washington, DC, September 18, 2007--The Federal Open Market Committee today lowered its target for the federal funds rate 50 basis points to 4 3/4%.
Builder Confidence Drops in September
Washington, DC, September 18, 2007--Concerns about the substantial inventory of new homes and the effects that deepening mortgage market problems caused builder confidence to decline for a seventh consecutive month in September.
NAR: Fundamentals Support Commercial Real Estate
Washington, DC, September 18, 2007--Most commercial real estate markets are enjoying relatively low vacancy rates and healthy rent growth from a fundamentally sound economy, according to the National Association of Realtors.