Producer Prices Up 1.7%
Washington, DC, November 16--The producer price index for finished goods rose 1.7% in October, which the biggest increase since January 1990, according to a Labor Department report.
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.
Stophel Named Legal Counsel at Mullican
Johnson City, TN, November 15--Ginna Stophel has been hired as legal counsel/warranty manager at Mullican Flooring’s headquarters in Johnson City, Tenn.
Foamex Names New Board Member
Linwood, PA, November 12--Foamex said it has named Thomas M. Hudgins to the company's board of directors, effective immediately. Hudgins will also serve on the board's audit committee.
Green Campaigners in Scotland Win Hardwood Floorin
Glasgow, Scotland, November 11--Council chiefs confirmed yesterday that a "sustainable" wood supply had been chosen for a multi-million-pound refurbishment project following protests from environmental campaigners.
JCPenney.com Marks 10th Year of Online Retailing
Plano, TX, November 10--JCPenney kicks off the holiday shopping season by celebrating 10 years of online retailing -- a decade in which it has blazed a trail for department stores on the Internet.
Solutia’s Sales Up 14% in 3Q
St. Louis, Mo, November 9--Bankrupt chemical maker Solutia Inc. said in a regulatory filing Friday that price increases, higher sales volumes and favorable currency-exchange rates drove up third-quarter net sales by 14 percent.
Foamex Reports 3Q Loss
Linwood, PA, November 5--Foamex in the third quarter reported a net loss of $114.5 million, or $4.68 per diluted share, compared with a net loss of $11.0 million, or $0.45 per diluted share, in the third quarter of 2003.
Federated's October Same-Store Sales up 4%
Cincinnati, OH, November 4--Federated Department Stores, reported total sales of $1.098 billion for the four weeks ended October 30, 2004, an increase in total sales of 3.8 percent compared to total sales of $1.057 billion in the same period last year.
Hovnanian Cuts Earnings Forecast for 2004
Red Bank, NJ, November 3--Homebuilder Hovnanian Enterprises lowered its full-year 2004 earnings forecast, due to unusually wet weather in the southern California region.
Construction Spending Flat in September
Washington, DC, November 1--Spending on new construction was virtually flat in September, as the first decrease in housing construction outlays since early 2003 offset a slight gain in non-residential building activity.