Q.E.P. Announces Preliminary 2005 Results and 2006
Boca Raton, FL, March 9--Q.E.P. announced selected preliminary results for its fiscal year ended February 28, 2005.
Today's Flooring News
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CPSC & Shaw Recall Carpet Sold at Menards
Washington, DC, March 9--The U.S. Consumer Product Safety Commission in cooperation with Shaw Industries, today announced a voluntary recall of about 5,000 square yards of carpet sold exclusively to Menards.
Consumer Credit Up in January
Washington, DC, March 9--Consumer credit was up by $11.5 billion, or 6.6 percent annual rate, in January to a seasonally adjusted $2.12 trillion, according to Federal Reserve.
Service is the Secret for Florida's Tile Man
Ft. Lauderdale, FL, March 9--John Provencal, owner and president of John the Tile Man, began his career in the tile business in his early 20s.
Kmart’s Q4 Earnings Up 14%
Troy, MI, March 9--Kmart Holding posted fourth quarter net earnings that were up 14 percent to $309 million, or $3.09 a share, from $270 million, or $2.78, in the same period of the prior year.
Quebec Homebuyers Set Sights on Larger Homes
Montreal, March 8--Residents of Quebec who plan to purchase a home within the next two years are more likely than all Canadians to purchase a bigger house (56 per cent). Nationally, 46 per cent of homebuyers intend to purchase a bigger home.
Homebuilder Ryland Sees Slowed Growth in 1Q
Calabasas, CA, March 8—-Homebuilder Ryland Group indicated that its earnings per share growth for the first quarter could be below Wall Street expectations because of delayed closings caused by bad weather in certain markets.
Chain Store Sales Off Last Week
New York, NY, March 8--Chain store retail sales fell 0.4 percent in the week ended March 5, the International Council of Shopping Centers and UBS said in a joint report.
Retailers Drive Productivity Growth
New York, NY, March 8--Companies in America’s fast-growing retail and wholesale trade sector have been the major drivers of U.S. productivity growth since 1995.
Realtors Launch Housing Market Leading Indicator
Washington, DC, March 8--After several years of study and data collection, the National Association of Realtors has developed the Pending Home Sales Index (PHSI), a new leading indicator for the housing market.