Dixie Group Reports Losses for Quarter, Year
Chattanooga, TN, Feb. 25, 2009--The Dixie Group reported a fourth quarter net loss of $31.8 million, or $2.60 per share, compared to net income of $1.4 million, or $0.11 per share in 2007.
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.
Mortgage Application Volume Falls as Rates Climb
Washington, DC, Feb. 25, 2009--Mortgage application volume fell a seasonally adjusted 15.1% compared with the week before, the Mortgage Bankers Association said Wednesday.
New Website for European Laminate Producers
Bielefeld, German, Feb. 25, 2009--“Naturally Laminate” is the slogan for a new laminate portal which recently went live at mylaminate.eu.
WONZ North America Manager Connelly Retiring
Marble Hill, GA, Feb. 24, 2009--Wes Connelly, North America area manager for Wools of New Zealand, is retiring after 39 years in the floorcovering/textile industry.
Home Prices Continue To Decline
New York, NY, Feb. 24, 2009--Prices of single-family homes fell 18.5 percent in December from a year earlier.
Home Depot Reports Fourth Quarter Loss
Atlanta, GA, Feb. 24, 2009--Home Depot said it swung to a loss of $54 million, or 3 cents a share, in the fourth quarter after charges to exit businesses and write down its investment in HD Supply.
Retail Sales Up Fourth Consecutive Week
New York, NY, Feb. 24, 2009--The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index increased 0.6% in the week ended Feb. 21.
World of Tile Purchased by Colorado Investors
Denver, CO, Feb. 24, 2009--Englewood, Colo. based World of Tile was sold Monday to a local group of investors, said Sean Kearns, president and chief executive of the company.
Macy's Profits Tumble in Fourth Quarter
Cincinnati, OH, Feb. 24, 2009--Macy's Inc. said its fourth quarter profits fell almost 59 percent.
Mohawk Swings To Loss in '08 on Impairment Charges
Calhoun, GA, Feb. 23, 2009--Mohawk Industries said it lost $1.46 billion last year or $21.32 per share.