Moody's Revises Lowe's Outlook to Positive
New York, October 11--Moody's Investors Service raised the outlook for Lowe's to positive from stable, citing factors including the company's growing market share and strong financial performance.
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.
Q.E.P.’s 2Q Earnings up 24%
Boca Raton, FL, October 7---Q.E.P. Company announced financial results for the fiscal 2005 second quarter and six months ended August 31, 2004. In 24 of the past 26 quarters, the company has recorded higher year-over-year sales improvements.
Survey: Women Taking Larger D-I-Y Role
Mooresville, NC, October 5-- A national survey of female homeowners, commissioned by Lowe's for the fourth consecutive year, reveals women, especially Hispanic women, are taking a larger role in the home improvement arena.
JC Penney Earnings Up in 3Q
Plano, TX, November 16--J.C. Penney Co. reported third-quarter earning that rose 86.3 percent, helped by stronger sales and fewer markdowns.
Coverings Calls for 2005 PRISM Stone in Architectu
Alexandria, VA, November 15--Coverings, the tile and stone marketplace in the Americas, announced today the call for entries to the 2005 PRISM Stone in Architecture Awards.
Indiana Tile Distributor Plans Major Expansion
Fort Wayne, IN, November 12--Eagle Tile Distributors plans to invest more than $1 million to a larger, more visible location near Glenbrook Square, according to the Fort Wayne Journal Gazette.
Trade Deficit Narrows in September
Washington, DC, November 10--The trade deficit in international trade of goods and services fell to $51.56 billion in September from a downwardly revised shortfall of $53.55 billion in August, according to a Commerce Department report.
Collins & Aikman 3Q Loss Widens, Lowers ‘04 Outloo
Troy, MI, November 9--Automotive interiors supplier Collins & Aikman Corp. said its quarterly net loss widened as it took restructuring and impairment charges.
Domotex 2005 Expecting Over 1,000 Exhibitors
Hannover, Germany, November 8—Domotex, the annual focal point in the international carpet and floor coverings industry, puts the emphasis of Domotex 2005 on presentation, information and communication.
NAR Opens New Environmentally Advanced Building
Washington, DC, November 1--The National Association of Realtors today officially opened for business in Washington, D.C.'s most environmentally advanced commercial building, which is expected to receive "green" certification.