Robbins Flooring Michigan Plant to Lays Off 14-16
Ishpeming, MI, February 23, 2006--The Robbins Flooring mill in Ishpeming has been severely downsized.
Today's Flooring News
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NAR Launches Leading Index for Commercial Real Est
Washington, DC, February 23, 2006--The National Association of Realtors launched a new leading indicator for the commercial real estate market today that shows an increase in commercial brokerage activity can be expected over the next six to nine months.
Sears Essentials to Become Sears Grand
Hoffman Estates, IL, February 23, 2006--Sears Essentials stores will become Sears Grand as part of a retooling of the retailer's midsize store format, Sears Holdings Corp., said Wednesday.
Sears Canada Spurns Parent's Bid
Toronto, Ontario, February 23, 2006--Sears Canada Inc., urged its shareholders to reject the C$835.4 million ($726.4 million) buyout offer from U.S. parent Sears Holdings Corp., as inadequate.
Carpet One Hires Ad Agency for Hispanic Market
Los Angles, CA, February 23, 2006--Heil-Brice Retail Advertising's Hispanic division, VisionLatina said that it has been hired by Carpet One to create the company's first Hispanic marketing tool kit.
Report: Lowe's Secretly Eyeing Europe
London, England, February 23, 2006---According to a report in the Sunday Telegraph, Lowe’s, the world's second largest home improvement retailer, is secretly plotting an assault on the European DIY market in a move that could see it swallow Kingfisher
Toll Brothers 1Q Earnings Up 49%
Horsham, PA, February 23, 2006--Luxury home builder Toll Brothers on Thursday reported a 49% improvement in first-quarter profit, while noting that speculators are leaving the housing market.
Illegal Logging Still Going Strong
Jakarta, Indonesia, February 23, 2006--When the world's biggest timber smuggling operation from Papua to China was exposed last year, it marked a turning point in the fight against illegal logging in the country.
Mortgage Purchase Applications Up, Refinances Down
Washington, DC, February 23, 2006--The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending February 17. The Market Composite Index--a measure of mortgage loan application volume--was 578.5, an increase
Jobless Claims Drop 20,000
Washington, DC, February 23, 2006--First-time seasonally adjusted claims for state unemployment benefits dropped by 20,000 to 278,000 last week, reversing the prior week's gains, the Labor Department reported Thursday.