Lowe's Net Income Down, Sales Miss Forecast
Mooresville, NC, Aug. 15, 2011 -- Home center Lowe's reported second quarter net income was $830 million, or $0.64 a share, compared with $832 million, or $0.58 a share, a year earlier.
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.
Faus Group Signs Midwest Distributor Welch
Calhoun, GA, Aug. 15, 2011 —- Laminate maker Faus Group has signed distributor E.J. Welch Company, of Earth City, Missouri, to service territories in the Midwest.
Builder Sentiment Unchanged in August
Washington, DC, Aug. 15, 2011 -- Home builder confidence held unchanged at 15 in August, according to the National Association of Home Builders.
Manufacturing Contracts Again in New York Area
New York, NY, Aug. 15, 2011 -- Manufacturing in the New York region contracted for a third straight month in August, according to the Federal Reserve Bank of New York.
Townsend Named VP of Sales at J&J Industries
Dalton, GA, Aug. 15, 2011 -- Brad Townsend has been named corporate vice president of sales for commercial carpet maker J&J Industries.
Buffet Urges Higher Taxes on Billionaires
Omaha, NE, Aug. 15, 2011 -- Warren Buffett said Congress should raise taxes on billionaires to help cut the U.S. budget deficit.
Nourison To Open New York Showroom
Saddle Brook, NJ, Aug. 15, 2011 -- Nourison said it will open a new permanent showroom in New York City in September.
Shaw, HGTV To Give Away Chicago Residence
Dalton, GA, Aug. 15, 2011 -- In less than one week, HGTV and Shaw will open registration online for a chance to win a 1,000-square-foot space designed by HGTV interior designer Vern Yip.
Retail Sales in July Strongest Since March
Washington, DC, Aug. 12, 2011 -- Retail sales in July rose the most since March, according to the Commerce Department.
Murfin Named President of IVC US
Dalton, GA, Aug. 12, 2011 -- IVC US has named Paul Murfin as president, effective Sept. 6.