D.R. Horton New Home Orders Fall 39%
Fort Worth, TX, October 16, 2007--D.R. Horton, the nation’s largest home builder, said its quarterly net orders for new homes dropped 39% amid a spike in cancellations.
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.
Chain Store Sales Up 1% Last Week
New York, October 16, 2007—Chain store sales rose 1% in the week ended Oct. 13, compared with the prior week, according to the International Council of Shopping Centers and UBS Securities.
Empire Today Entering Memphis Market
Memphis, TN, October 16, 2007--Empire is entering the Memphis market and is planning a grand opening on October 22.
Q.E.P. Reports 2Q Profit
Boca Raton, FL, October 16, 2007—Tool and accessories maker Q.E.P. swung to a profit in the fiscal second quarter versus a year-ago period, weighed by a hefty impairment loss.
Job Seekers Continue to Shift Toward The Internet
New York, NY, October 15, 2007--Job seekers are steadily increasing their use of the Internet as a key part of their job search, The Conference Board reported today.
New York Manufacturing Index Rises
New York, NY, October 15, 2007--Manufacturing in New York unexpectedly increased in October, reaching the highest level in three years, as orders and sales gained.
Automotive Company Collins & Aikman Sells 2 Units
Detroit, MI, October 15, 2007--Privately held International Automotive Components said that it has acquired two auto parts businesses with 4,150 employees from Collins & Aikman Corp. Terms were not disclosed.
Indian Rugs Recalled
Washington, DC, October 15, 2007--About 2,900 "Alyssa" shag rugs, manufactured in India and imported by J.C. Penney Co., Inc. were recalled.
Bentley Prince Contributes to Extra LEED Credits
City of Industry, CA – October 15, 2007--Projects using Bentley Prince Street carpet will now find it a little easier to earn a Leadership in Energy and Environmental Design (LEED) credit.
Ohio Retailer Expanding
Lawrenceburg, OH, October 15, 2007--Furniture Co., which sells everything from bedroom sets to flooring to window treatments, is expanding its showroom by 10,000 square feet.