Furnishings Shares Edge Higher
New York, March 2, 2007--Stable interest rates and signs that the housing market may be leveling off have helped home and office furnishing stocks rebound from their own slump in recent months.
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.
China’s BBDC Selling Flooring Business
Shanghai, China, March 2, 2007--Shanghai Baosteel Business Development Co. is putting its flooring business up for sale at the price of CNY 15 million on the Shanghai United Assets and Equity Exchange.
Sears 4Q Earnngs Up 27%
Hoffman Estates, IL, March 2, 2007--Sears turned in a nearly 27% surge in fourth-quarter profit on Thursday as tighter costs and gains from property sales helped offset static retail sales.
Kohl's 4Q Profits up 29%
Menomonee Falls, WI, March 2, 2007--Kohl's reported a 29.3 percent profit increase in the fourth quarter, as the midlevel retailer benefited from strong sales of its exclusive brands
Business as Usual at Former Tandus Plant in UK
Gwent, South Wales, March 2, 2007--A carpet products business has been acquired following a decision by US-owned Tandus Group, to seek a buyer for its UK subsidiary.
Sale of HD Supply Seems Increasingly Likely
Atlanta, GA, March 2, 2007--Home Depot CEO Frank Blake insists the company hasn't decided yet whether to sell or spin off HD Supply, its wholesale supply business.
Armstrong Elects New Director
Lancaster, PA, February 28, 2007--Armstrong World Industries, Inc. today announced that James J. O'Connor has been elected to its Board of Directors.
Armstrong Wins Award From Home Magazine
Lancaster, PA, February 28, 2007--Armstrong's Locking Hardwood flooring was honored with the prestigious 2007 American Building Products Awards from Home magazine, a leading consumer shelter publication.
Shaw Environmental Marketing Material Wins ADDY
Dalton, GA, February 28, 2007--The Chattanooga Advertising Federation presented Shaw with two prestigious ADDY awards, the gold and judge’s awards.
ISM: Manufacturing Expands in February
Tempe, AZ, March 1, 2007--The nation's manufacturers increased production in February, the Institute for Supply Management reported Thursday.