Macy's Profits Tumble in Fourth Quarter
Cincinnati, OH, Feb. 24, 2009--Macy's Inc. said its fourth quarter profits fell almost 59 percent.
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.
Mohawk Swings To Loss in '08 on Impairment Charges
Calhoun, GA, Feb. 23, 2009--Mohawk Industries said it lost $1.46 billion last year or $21.32 per share.
Canada's Crossley Carpet Issues Layoffs
Truro, Nova Scotia, Canada – Crossley Carpet Mills has issued layoff notices as the economy continues to weaken.
Consumer Sentiment Keeps Falling
New York, NY, Feb. 24, 2009--Consumer sentiment fell more than expected in February, to the lowest level since its 1967 inception, the Conference Board said.
Toll Brothers Offering Mortgage Protection Plan
Horsham, PA, Feb. 24, 2009--High-end homebuilder Toll Brothers Inc. is offering a mortgage protection plan that will cover a buyer’s mortgage for up to six months if there is a job loss, the company said.
Invista Reaches Agreement With Union
Waynesboro, VA, Feb. 23, 2009--Invista and the United Workers Inc. union have reached a tentative contract agreement that would keep more workers on the job in Waynesboro.
Cavalier Carpet Sees Lower Earnings
Auckland, NZ, Feb. 23, 2009--Cavalier Carpets reported a 7 percent decline in interim profit, cut its dividend, and forecast a 30 to 40 percent fall in annual profit.
NABE Economists Predict Significant Contraction
Washington, DC, Feb. 23, 2009--The U.S. unemployment rate -- now at 7.6 percent -- is expected hit a peak of 9 percent this year, according to the National Association for Business Economics.
International Design Guild Honors Suppliers
Manchester, NH, Feb. 22, 2009—International Design Guild hosted its annual 2009 Winter Summit at the Venetian Hotel in Las Vegas, Nevada on Thursday, Feb. 5 during Surfaces.
Jack Paton, Former Head of Barwick Industries Dies
Acworth, GA, Feb. 20, 2009--Jack Paton, 70, of Acworth, GA, died Feb. 20, after a brief battle with lung cancer.