Federated's 4Q EPS Beats Expectations
Cincinnati, OH, February 22--Federated Department posted a quarterly profit at the high end of its expectations despite a slow start to the holiday shopping season.
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.
Cleveland Fed President Discounts Link of PPI to C
Milan, Italy, February 21--There is little direct link where a rise in producer prices leads to upward pressure on consumer prices, Federal Reserve Bank of Cleveland President Sandra Pianalto said on Monday.
Honeywell Recognizes Kraft Food Facility Manager
Dalton, GA, February 21--Honeywell Zeftron nylon acknowledged Charles Shifflett of Kraft Foods Global for his recent participation in Floor Focus magazine’s "2004 Facility Managers Speak" survey.
Wisconsin Hardwood Retailer Passes to Second Gener
Black Creek, WI, February 21--When Ralph Lorenz yielded control of Ralph’s Hardwood Floors — the company he founded in 1965 — he handed it over to the new owner, his son Rod, according to the Post-Crescent.
Roppe Names Top Salesman, Distributor
Fostoria, OH, February 18--Roppe Corporation honored their top distributor and salesman at its 2004 Sales Awards and Dinner Banquet at the Treasure Island Hotel and Casino in Las Vegas.
Competition Increasing in Furniture Market
Muncie, IN, February 21--Veteran sellers of furniture can rattle off names of more than a dozen local competitors who have gone under in the past 20 years.
Michigan Retailer Focuses on Rugs
Flint, MI, February 21--Thousands of years ago, tents in the Middle East were decorated by finely crafted, hand-woven rugs. Now, area rugs are enjoying a resurgence as hard-surface floors are becoming more popular, according to the Flint Journal.
Kmart and Sears Set Shareholder Vote
Troy, MI, Hoffman Estates, IL, February 21--Sears and Kmart said that the registration statement filed with the Securities and Exchange Commission in connection with the proposed merger has been declared effective.
Consumer Sentiment Off
Ann Arbor, MI, February 18--The University of Michigan said today its preliminary index of consumer sentiment decreased to 94.2 from 95.5 in January.
Producer Prices Up, Core Index Up More
Washington, DC, February 18—The producer price index for finished goods rose 0.3% in January after declining 0.3% in December, according to a report from the Labor Department.