Foamex Reports 3Q Loss
Linwood, PA, November 5--Foamex in the third quarter reported a net loss of $114.5 million, or $4.68 per diluted share, compared with a net loss of $11.0 million, or $0.45 per diluted share, in the third quarter 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.
Federated's October Same-Store Sales up 4%
Cincinnati, OH, November 4--Federated Department Stores, reported total sales of $1.098 billion for the four weeks ended October 30, 2004, an increase in total sales of 3.8 percent compared to total sales of $1.057 billion in the same period last year.
Hovnanian Cuts Earnings Forecast for 2004
Red Bank, NJ, November 3--Homebuilder Hovnanian Enterprises lowered its full-year 2004 earnings forecast, due to unusually wet weather in the southern California region.
Construction Spending Flat in September
Washington, DC, November 1--Spending on new construction was virtually flat in September, as the first decrease in housing construction outlays since early 2003 offset a slight gain in non-residential building activity.
Sears Canada Opens First Off Mall Coverings Store
St. Catharines, Ontario, October 29--Sears Canada today opened a Sears Coverings store in St. Catharines, the first of six off-mall specialty format stores to open in Canada this year.
Dow Chemical 3Q Earnings Up 86%
Midland, MI, October28-- Dow Chemical Co.'s third-quarter profit surged 86 percent on increased plastics sales, but demand remains vulnerable to soaring energy costs, the No. 1 U.S. chemicals maker said Thursday.
Durable Goods Orders Up in September
Washington, October 27—Durable goods orders were up last month thanks in part to a huge increase in orders for communications equipment, but the increase still fell shy of economists' expectations.
Thomas Industries Names Ladd Senior VP Sales & Mar
Dalton, GA, October 26--Steve Ladd has joined Thomas Industries, LLC as senior vice president sales and marketing.
Builders Offering More Options to Maintain Boom
Houston, TX, October 25--While the local housing boom has helped sustain Houston's economy, could a national slowdown mean the luster will soon start to wear in our own backyard?
Consumers Plan to Spend $702 this Holiday
Washington, October 22--Consumers have once again found a little extra money to add to their holiday budgets this year, according to the findings of a new National Retail Federation (NRF) survey.