JCPenney Third Quarter Earnings Fall, Guides Lower
Plano, TX, November 15, 2007--J.C. Penney reported a 9% drop in quarterly profit, saying sales weakened "dramatically" in September and October.
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.
Stoddard to Speak at Las Vegas Design Center
Las Vegas, NV, November 15, 2007--Las Vegas Design Center at World Market Center will feature acclaimed interior designer, Alexandra Stoddard on Friday, December 7.
Somerset Hardwood Names Three Distributors
Somerset, KY, November 15, 2007-- Somerset Hardwood Flooring has added three new distributors to cover portions of the Northeastern United States.
Halo Names Wheeler Distributor in Florida
Atlanta, GA, November 15, 2007--Halo Floors has named Wheeler Floors as its newest distributor, covering the Florida market.
Lumber Liquidators’ Sullivan Sells Shares
Washington, DC, November 15, 2007-- The chairman of hardwood flooring retailer Lumber Liquidators Inc. sold 4.1 million shares of stock, according to a Securities and Exchange Commission filing
Domotex asia/ChinaFloor Readies for 10th Show
Shanghai, China, November 15, 2007-- The 10th edition of Domotex asia/ChinaFloor (DACF) will take place at Shanghai New International Expo Centre during March 11-13.
NAR Expects Housing Recovery Next Year
Las Vegas, NV, November 13, 2007 - A modest recovery for existing-home sales is expected in 2008 as the impact of the credit crunch subsides.
November Floor Focus Features Retail 100
Chattanooga, TN, November 14, 2007--The November issue of Floor Focus magazine, now in the mail, features the annual Focus 100 Retail
Mortgage Applications Rise 5.5% in Week
Washington, DC, November 14, 2007--The Mortgage Bankers Association said mortgage applications rose 5.5% from the previous week. Applications were up 21.8% compared with the same week last year.
Producer Prices Up 0.1% in October
Washington, DC, November 14, 2007--Producer prices advanced by a smaller-than expected 0.1 % in October as prices for energy and light trucks fell, according to the Labor Department.