Former Macy’s CEO to Head JC Penney
Plano, TX, October 28--JC Penney has named a former chairman and chief executive of Macy's to lead the department store company, replacing Allen Questrom.
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.
New Home Sales Up 3.5% in September
Washington, October 27--New home sales rose more than expected in September, as low mortgage rates continued to fuel the housing industry throughout most of the U.S.
Existing Home Sales Up 3.1% in September
Washington, October 25--Sales of existing single family homes were back up again in September after two consecutive monthly declines, according to the National Association of Realtors.
Homebuyers Favor Shorter Commutes, Walkable Neighb
Washington, October 22--The prospect of lengthening commutes is leading more Americans to seek walkable neighborhoods in close-in suburbs and cities, according to the 2004 American Community Survey.
Designer David Michaels Establishes New Flooring L
San Diego, CA, October 21--David-Michael, an artist who has contributed his award-winning interior design talents to the Hard Rock Hotel & Casino, is launching his own brand identity with the first of many product lines.
Honeywell 3Q Earnings Up
Morris Township, NJ, October 20--Honeywell International Inc. said Wednesday that third quarter profit rose 8 percent to meet Wall Street expectations on higher sales. Quarterly earnings were up to $372 million, or 43 cents per share, from $344 million,
PPI Up 0.1% in September
Washington, October 15--Producer prices edged up just 0.1 percent in September, held back by a big energy-price drop, but the cost of non-energy items picked up steam, a government report showed on Friday.
Stark to Open Charlotte Showroom & Outlet
Charlotte, NC, October 12--A high-end carpet manufacturer with clients ranging from the White House to Hollywood plans to open a combination showroom and clearance center in Charlotte, according to the Charlotte Observer.
Senate Reaches Agreement on Corporate Tax Bill
Washington, October 11--The Senate, after a weekend of behind-the-scenes negotiations, struck a deal to allow passage of a sweeping corporate tax bill and spending measures for disaster relief and homeland security.
New Channel Means Lower Laminate Prices, Says Buil
Vancouver, British Columbia, October 8—BuildDirect said that its laminate flooring products distributed through its new wholesale channel will reach U.S. buyers at substantially lower prices.