Greenspan Sees Gradual Rate Hikes
Washington, July 21--Fed Chairman Alan Greenspan said today the U.S. central bank aims to continue raising interest rates at a gradual clip over the next 18 months or so.
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.
Linens 'n Things 2Q Earnings Drop
Clifton, NJ, July 21--Home decor retailer Linens 'n Things Inc. said its quarterly profit fell, matching its lowered forecast, after it drew fewer-than-expected shoppers in May.
Mohawk 2Q Earnings Up 16%
Calhoun, GA, July 21--Mohawk Industries, Inc. today announced record diluted earnings per share (EPS) and net earnings for the second quarter of 2004 of $1.29 (15% above last year) and $87,158,000 (16% above last year), respectively.
Home Builder D.R. Horton Profits Rise
Arlington, TX, July 21-- D.R. Horton, Inc., the number one U.S. home builder, reported that net income for the quarter ended June 30, 2004 increased 62% to $251.3 million or $1.06 per diluted share.
First Manhattan Home Depot to Open in September
Atlanta, GA, July 21--Home Depot said the first of its two planned Manhattan stores will open in the Flatiron District on Sept. 10.
Home Builders Largely Upbeat Despite Numbers
Washington, DC, July 20--Indicating that single-family home builders remain largely upbeat regarding conditions in the new-homes market, the monthly National Association of Home Builders/Wells Fargo Housing Market Index (HMI) edged down a single point to
Home Depot’s Online Overhaul a Winner
Atlanta, July 20--Home Depot's large size and brand recognition finally appear to be paying off online, according to the Atlanta Journal-Constitution.
Tarkett Wood Featured in Southern Living Idea Hous
Johnson City, TN, July 20--Tarkett Wood has announced that its Artisan Hand-Scraped Maple Coffee engineered flooring is being featured in the 2004 Southern Living Idea House in Athens, Georgia.
Torlys Intros Laminate Tiles with Ceramic Look
Mississauga, Ontario, July 20--Torlys is introducing eight new “easy living” ceramic and natural stone-look STEPS™ LaminateTile floors.
New Shaw Rug Collection Says More With Less
Dalton, GA, July 20--Versant, a new tufted area rug collection from Shaw Living, was specifically designed to say “More with less” by utilizing pleasing natural textures combined with current and fresh colors to achieve a soft yet vibrant statement.