Sears to Open New Off-Mall Stores
Hoffman Estates, IL, February 9—-Sears will open a new type of store this spring to build up its presence outside of its traditional shopping mall space.
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.
La-Z-Boy Earnings Off 27%
Monroe, MI, February 9--La-Z-Boy Inc. said its third quarter earnings fell 27 percent from the previous year despite a sales increase, as the company's selling, general and administrative costs increased 24 percent.
Crown Crafts Earnings Up in 3Q
Gonzales, LA, February 9--Crown Crafts reported net sales for the third quarter of fiscal year 2005, which ended December 26, 2004, of $20.7 million, which is the same as net sales for the third quarter of fiscal year 2004.
NAR: Housing Market to be at Near-Record Levels in
Washington, DC, February 9--Home sales will be down from the high-water marks set in 2004 but are expected see the second-best year on record in 2005, according to the National Association of Realtors.
Beazer Shareholders Approve Split
Atlanta, GA, February 8--Beazer Homes USA Inc. said its stockholders and the board approved a previously announced three-for-one stock split and raised the dividend, which effectively triples the prior payout.
Louisiana-Pacific 4Q Earnings Off
Nashville, TN, February 8--Louisiana-Pacific reported fourth-quarter net earnings that dropped 92 percent due to higher raw material costs, planned and unplanned downtime, movement of the Canadian dollar and a higher-than-expected effective tax rate.
Stanton & Nourison Win Wools of New Zealand Compet
Atlanta, GA, February 8--Retailers visiting the Wools of New Zealand’s booth at Surfaces 2005 were invited to participate in the company's annual Fashion Dynamics competition.
Canadian Housing Starts Drop 13.8%
Toronto, ON, February 8--Canadian housing starts fell a surprising 13.8 percent in January, but should rebound later in the year as low interest rates and tight labor markets keep some life in Canada's housing boom, Canada Mortgage and Housing Corp. s
Mannington Announces 'Stand on a Better World&
Salem, NJ, February 8--Do you know someone whose contributions to her community should be recognized? Does she "stand on" making this world a better place? Then consider nominating her for Mannington's Stand on a Better World Awards.
Brisk Sales Reported at Carpet Oasis in Dubai
Dubai, UAE, February 8--The Carpet Oasis at the Dubai World Trade Center saw a rush of shoppers on its closing day thanks to its excellent location at the Dubai World Trade Centre this year.