Menards Developing Homes Around Its Stores
Milwaukee, WI, May 6, 2008--Home improvement retailer Menards is creating need for its products by developing homes in residential subdivisions.
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.
Service Industries Index Rises Unexpectedly
Tempe, AZ, May 5, 2008--Service industries expanded unexpectedly last month, perhaps an indication that damaged from the housing slump and credit crisis may be moderating.
Shaw Earnings Down on Slow Residential Business
Omaha, NE, May 3, 2008--Pretax earnings in the first quarter for Shaw Industries fell 44 percent compared to a year ago and management expects earnings this year to fall below 2007, according to a filing with the Securities and Exchange Commission.
Hovnanian Expects Writedowns as Sales Slide
Red Bank, NJ, May 5, 2008--Hovnanian Enterprises Inc. said Monday it expects second-quarter charges of $225 million to $275 million for land impairments and write-offs, due to ongoing sales and pricing declines.
Omnova Solutions Raising Prices Effective May 8
Fairlawn, OH, May 5, 2008--Omnova Solutions' Specialty Chemicals business will increase prices up to $0.06 per wet pound.
Armstrong Per Share Earnings Decline Over 50%
Lancaster, PA, May 2, 2008--Armstrong World Industries Inc. today reported first quarter net earnings of $15.2 million.
Mohawk Names Peters President of Flooring Division
Calhoun, GA, May 2, 2008--Mohawk Industries has named Frank Peters as president of the Mohawk Flooring division which encompasses all carpet, rugs, and Mohawk branded hard surface flooring.
Home Depot Closing Stores in Rust Belt
Atlanta, GA, May 2, 2008--Home Depot said it is closing 15 underperforming stores and will postpone the opening of 50 new stores nationwide.
Job Cuts Fewer Than Expected in April
Washington, DC, May 2, 2008--Employers cut fewer jobs in April expected and the unemployment rate dropped to 5 percent, the Labor Department said Friday.
Orders for Manufactured Goods Rose in March
Washington, DC, May 2, 2008--U.S. manufacturers saw demand for their products increase in March, according to the Commerce Department.