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.
Hoffman Estates, IL, May 13--Sears, Roebuck and Co., which until now has announced plans for only five freestanding Sears Grand discount stores, now believes its new off-mall format has the potential for up to 500 locations.
Washington, DC, May 13--Retail sales retreated more than expected during April, pulled back by an auto sector decline.
Bentonville, AR, May 13--Wal-Mart on Thursday reported a 16% increase in earnings for the latest quarter on a 14% rise in sales.
New York, NY, May 11--Robert De Monaco, a veteran of the carpet industry for nearly half a century, including several decades with Karastan, has died on April 28.
Gainsville, GA, May 12--Bond had not been paid late Tuesday for two men accused of racketeering in connection with an alleged flooring scam.
Las Vegas, NV, May 12--On average, homebuyers spend $3,100 to improve a property within a year of moving into it, according to a study conducted by the nonprofit Home Improvement Research Institute.
Dalton, GA, May 12--Shaw Industries has created positions for six merchandising specialists to help retailers take advantage of the competitive benefits of promoting the Shaw brand.
Cincinnati, OH, May 12--Federated Department Stores reported better-than-expected quarterly earnings as it sold more full-priced spring clothing and kept costs in check, and raised its forecasts for the rest of the year.
St. Louis, MO, May 11--May Department Stores Co. said its first-quarter net income rose 5.6%, helped by brisk sales of women's accessories, footwear and apparel.
Greenville, MS, May 12--British manufacturer Brintons US Axminster will close its Mississippi plant at the end of the year according to the Sun Herald.