Sears Earnings Below Expectations
Hoffman Estates, IL, July 22—Sears reported quarterly profit that was well below Wall Street expectations because of poor spring clothing sales, and forecast weaker-than-expected full-year results.
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.
Homebuider Ryland 2Q Earnings Up 41.6%
Calabasas, CA, July 23--Homebuilder Ryland Group Inc. reported second quarter earnings were up 41.6 percent on higher home orders and margins.
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.
Renaissance Tile & Bath Opens New DC Location
Atlanta, GA, July 21--Renaissance Tile & Bath has expanded its showroom presence through a new location in the Washington, D.C., area.
H2O Concepts Launches Flooring Unit
Dubai, Saudi Arabia, July 21--H2O Concepts is poised to launch an aggressive marketing campaign for its newly-established flooring division, following its recent tie-up with Tarkett, a leading French manufacturer of flooring tiles.
Invista Launches Stainmaster Cushion with Moisture
Atlanta, GA, July 21—Invista has announced the introduction of Stainmaster carpet cushion.
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.
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.