Sears 3Q Earnings Off on Costs
Hoffman Estates, Il, December 6, 2005--Sears Holdings said fiscal third-quarter profit slid as the costs of Kmart's combination with the Sears, Roebuck and Co., offset a sharp increase in sales.
Today's Flooring News
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Haverty Furniture Reports Record November Sales
Atlanta, GA, December 6, 2005--Haverty Furniture in November reported record sales that increased 7.5% to $77.9 million, compared with $72.4 million in November 2004.
Retail Rents to go Up, Vacancies Down in 2006
New York, NY, December 6, 2005--Retail vacancies will inch down to an average of 8.8 percent in 2006, and rent growth will gain momentum to 3.5 percent (from 2.5 percent this year), according to Marcus & Millichap's retail group.
America’sMart’s Museum of Introductions Opens in J
Atlanta, GA, December 6, 2005--MOI, The Museum of Introductions, America’sMart global showcase of the newest in area rug design and innovation sets the design and fashion stage for January 2006.
Luxury Wood Chairmats Introed by Snapmat
Novato, CA, December 6, 2005--What many people used to think of as a mundane office necessity, the office chair mat, has now turned it into a luxury fashion statement.
828 International on “Extreme Makeover” Home Editi
Greenville, SC, December 6, 2005--Designers and contractors from “Extreme Makeover: Home Edition” recently built a home for a deserving family in Wells Harbor, Maine. When it came time to decorate the magnificent log house, a wish list of rugs was sent to
NAR Launches Ad Campaign Against Mortgage Interest
Washington, DC, December 6, 2005--The National Association of Realtors today launched an advertising campaign warning that home values could drop significantly if the recommendations of a federal tax reform panel were implemented.
Underwater Salvage Firm Produces Sought-After Wood
St. Helens, OR, December 6, 2005--Ross Bennett watched from a safe distance as his three-man crew prepared to harvest the rarest kind of wood, old-growth timber, according to the Columbian.
Rohnert Named President & CEO of Florim USA
Clarksville, TN, December 6, 2005--Mike Rohnert is appointed to the position of President of Florim USA.
3Q Productivity Revised Up to 4.7%
Washington, DC, December 6, 2005--Productivity rose at a 4.7% annual rate in the third quarter, to the fastest rate in two years, according to the Labor Department.