Hovnanian 3Q Contracts Up 35%
Red Bank, NJ, August 5--Luxury home builder Hovnanian Enterprises said the dollar value of contracts in the third quarter ended July 31 rose 34.8 percent to $1.7 billion from $1.3 billion a year ago.
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NRF: Retail Execs Say Picture Looks Strong
Washington, DC, August 5--Consumers finally shook off their summertime blues by loosening their purse strings in July, according to the NRF Retail Executive Opinion Survey.
International Design Guild Strengthens Industry St
Milwaukee, WI, August 5--The International Design Guild has launched several major initiatives to strengthen its members’ relationships with customers, designers, contractors, and suppliers.
New Zealand’s Cavalier to be Hit by $5.8M Writedow
Wellington, New Zealand, August 4--Carpet maker Cavalier Corporation said its full year earnings will meet forecasts, but warned of a major writedown of its Microbial Technologies business, according to ShareChat News.
Haverty July Sales Off 5.5%
Atlanta, GA, August 3--Haverty Furniture reported July sales that were off 5.5% to $66.6 million, compared with $70.4 million in July 2004. On a comparable-store basis, July sales decreased 8.8%.
Retailers Report Mixed Bag in July
New York, NY, August 4--The nation's retailers reported mixed results in July as hot weather boosted sales of summer merchandise.
Pergo Launches Two New Laminate Products
Raleigh, NC, August 4--Pergo introduced two new laminate products designed exclusively for the specialty retail market.
Vorwerk Tests Floor-Controlled Robots
Wuppertal, Germany, August 4--Vorwerk presented live demonstrations of a service robot moving along a carpet containing integrated RFID technology to provide intelligent navigation at this year's Techtextil.
Pier 1 Sees Quarterly Loss After Declining July Sa
Fort Worth, TX, August 4--Pier 1 Imports said its same-store sales fell 7.7 percent in July, and its quarterly loss may be wider than analysts had expected.
Toll Brothers 3Q Orders Up 19%
Horsham, PA, August 4-—Luxury homebuilder Toll Brothers, on Thursday said the value of new contracts in the fiscal third quarter rose 19 percent, as demand remained strong.