J.C. Penney 3Q Earnings Up 57%
Plano, TX, November 15, 2005--J.C. Penney Co. in the third quarter reported earnings that rose 57 percent to $234 million, or $0.94 per share.
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.
Retail Sales Off 0.1%
Washington, DC, November 15, 2005--Retail sales fell 0.1 percent in October reflecting a drop in automotive car purchases, according to the Commerce Department.
Nafco by Tarkett Offers Rebates Hurricane Victims
Houston, TX, November 15, 2005--In an effort to help homeowners in Louisiana and the Mississippi Gulf Coast who have been impacted by Hurricane Katrina, Tarkett is offering a one-time rebate on its luxury vinyl flooring to help them rebuild their homes.
Chain Store Sales Off Last Week
New York, NY, November 15, 2005--Chain store retail sales fell 0.6 percent in the week ended Nov. 12, compared with 1.0 percent rise the previous week, the International Council of Shopping Centers and UBS said in a joint report.
NWFA: Hardwoods or Laminates
St. Louis, MO. November 15, 2005-- The National Wood Flooring Association has offered some consumer assistance in making a selection between hardwoods and laminates.
Home-Price Appreciation Stays Hot in Most Metro Ar
Washington, DC, November 15, 2005--Strong annual increases in median existing-home prices were common in most metropolitan areas during the third quarter, according to the latest report by National Association of Realtors.
NRF: Retailer Industry Sales Up 7.2%
Washington, DC, November 15, 2005—According to the National Retail Federation (NRF), retail industry sales for October (which exclude automobiles, gas stations, and restaurants) rose a strong 7.2 percent.
Lowe's 3Q Earnings Up 25.8%, Beats Estimates
Mooresville, NC, November 14, 2005--Lowe's in the third quarter reported net earnings of $649 million, a 25.8 percent increase over the same period a year ago. Diluted earnings per share increased 24.6 percent to $0.81.
Tennant in Running for Top Tech Award
Minneapolis, MN, November 14, 2005--Before a crowd of more than 2,000 Minnesota technology leaders, Tennant Company and retiring president and CEO Janet Dolan were recognized among the best of the best at the Minnesota High Technology Association's an
Court Denies Pergo Injunction Against Faus
Dalton, GA, November 14, 2005--The U.S. District Court for the Eastern District of North Carolina has denied the application by Pergo, Inc. and a related Swedish affiliate for a preliminary injunction against Faus Group, Inc. and its parent corporation.