Home Sales to Benefit From Slower Mortgage Interes
Washington, DC, May 10--Mortgage interest rates have been trending up less than expected, a pattern that should continue through next year.
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.
Saks Fires Execs After Markdown Probe
Birmingham, AL, May 10--Saks Inc. on Monday said it has fired its chief accounting officer and other top officers after an internal investigation into improper collections of markdown allowances.
Louisiana Primed for Flooring Industry
Baton Rouge, LA--May 10--According to a study of Louisiana’s forest population, the state has abundant timber resources available to establish the manufacturing of High Density Fiberboard (HDF) laminate flooring.
Shaw Intros Second Collection of ClearTouch Styles
Dalton, GA, May 10--In the wake of the company’s successful launch of its ClearTouch PET styles, Shaw is introducing a variety of new products that expands the range of construction options for the innovative fiber system.
Chain Store Sales Up 0.7% Last Week
New York, NY, May 10-—Chain store sales were up 0.7% in the week ended May 7 compared with the week before, on a seasonally adjusted, comparable-store basis.
May Department Store’s 1Q Earnings Drop
St. Louis, MO, May 10--May Department Stores, which has agreed to be acquired by Federated Department Stores, reported earnings of $41 million, or $0.13 per share, versus $76 million, or $0.24 per share, in the same period a year earlier.
Optimistic AmericasMart Exhibitors Renew Leases
Atlanta, GA, May 10--Liberty Oriental Rugs, Atlas Rug Corporation, Banilivi & Nabavian, Inc., French Accents Rugs & Tapestries and Vantage Industries have extended their commitment to the Area Rug Center with long term lease agreements.
NWFA Offers 'How to Make Money on Every Job
St. Louis, MO, May 10--The NWFA has released the latest CD set in its management education series, "How to Make Money on Every Job."
Federal Court Orders Seizure of Chinese Tile Catal
Orlando, FL, May 10--Judge G. Kendall Sharp of the United States District Court for the Middle District of Florida issued two Orders of Seizure against Onna Ceramiche and its affiliates on May 6.
ServiceMaster 1Q Earnings Off
Downers Grove, IL, May 10--ServiceMaster Co. posted a slightly lower first-quarter profit partly due to unfavorable March weather.