La-Z-Boy Earnings Off 27%
Monroe, MI, February 9--La-Z-Boy Inc. said its third quarter earnings fell 27 percent from the previous year despite a sales increase, as the company's selling, general and administrative costs increased 24 percent.
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Crown Crafts Earnings Up in 3Q
Gonzales, LA, February 9--Crown Crafts reported net sales for the third quarter of fiscal year 2005, which ended December 26, 2004, of $20.7 million, which is the same as net sales for the third quarter of fiscal year 2004.
NAR: Housing Market to be at Near-Record Levels in
Washington, DC, February 9--Home sales will be down from the high-water marks set in 2004 but are expected see the second-best year on record in 2005, according to the National Association of Realtors.
Beazer Shareholders Approve Split
Atlanta, GA, February 8--Beazer Homes USA Inc. said its stockholders and the board approved a previously announced three-for-one stock split and raised the dividend, which effectively triples the prior payout.
Chain Store Sales Up Last Week
New York, February 8--Chain store retail sales rose in the latest week as Super Bowl purchases helped drive sales, especially at discounters, a retail report said on Tuesday.
Canadian Housing Starts Drop 13.8%
Toronto, ON, February 8--Canadian housing starts fell a surprising 13.8 percent in January, but should rebound later in the year as low interest rates and tight labor markets keep some life in Canada's housing boom, Canada Mortgage and Housing Corp. s
Stanton & Nourison Win Wools of New Zealand Compet
Atlanta, GA, February 8--Retailers visiting the Wools of New Zealand’s booth at Surfaces 2005 were invited to participate in the company's annual Fashion Dynamics competition.
Louisiana-Pacific 4Q Earnings Off
Nashville, TN, February 8--Louisiana-Pacific reported fourth-quarter net earnings that dropped 92 percent due to higher raw material costs, planned and unplanned downtime, movement of the Canadian dollar and a higher-than-expected effective tax rate.
Republicans Request Asbestos Bill Delay
Washington, DC, February 8--Senate Majority Leader Bill Frist has requested a one-week delay in the introduction of a bill to create a $140 billion fund to replace asbestos lawsuits so he could study its provisions, the author of the effort said on Monday
Brisk Sales Reported at Carpet Oasis in Dubai
Dubai, UAE, February 8--The Carpet Oasis at the Dubai World Trade Center saw a rush of shoppers on its closing day thanks to its excellent location at the Dubai World Trade Centre this year.