Productivity Up
Washington, Mar. 4--The productivity of American workers grew 2.6 percent annual rate in the final three months of 2003.
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.
Fed Notes Slow Job Growth Amid Economic Expansion
Washington, D.C., Mar. 4-- Employment is growing slowly as the U.S. economy continues to expand, the Federal Reserve reported Wednesday.
Women Driving Home Improvement
New York, NY, Mar. 4--The big home-improvement retailers are increasingly focusing on female consumers, and with good reason.
Martha Stewart Posts Profit, Sales Fall
New York, NY, Mar. 4--Martha Stewart Living Omnimedia posted a quarterly profit, compared with a year-earlier loss, but the company said advertising sales continue to suffer.
Mohawk Sees ’04 Capital Expenditures of $140M To $
Calhoun, GA, Mar. 4--Mohawk Industries Inc. said it expects 2004 capital expenditures, excluding acquisitions, to be between $140 million and $160 million.
Forbo Names New CEO and New Chairman
Eglisau, Switzerland, Mar. 4--Swiss floor coverings maker Forbo Group has appointed This Schneider as its new chief executive with immediate effect, replacing Werner Kummer who will leave the company.
Shaw's R2x Stain and Soil Remover a Hit with D
Dalton, GA, Mar. 4--Shaw Industries is reporting an excellent response to its new R2x Stain and Soil Remover.
Federated Boosts 1st Quarter Outlook
Cincinnati, OH, Mar.4--Federated Department Stores reported a better-than-expected 9 percent jump in February sales at stores open at least a year and raised its first-quarter earnings forecast.
Unifi Cuts 2 Plants
Greensboro, NC, Mar. 3-- Unifi is closing two plants, cutting back at another and eliminating nearly 400 jobs, or about 10 percent of its work force, to cut costs in response to the slump in the textile business.
Louisiana-Pacific Lowers 4th Quarter Earnings
Portland, OR, Mar. 2--Louisiana-Pacific Corp. said it lowered its fourth-quarter earnings because of a change to its legal reserves stemming from a recent adverse court ruling.