Online Holiday Retail Sales to Hit $33 Billion
Cambridge, MA, October 17, 2007--Online retail sales in the U.S. this holiday season will reach $33 billion, a 21% increase over last year, according to Forrester Research, Inc..
Today's Flooring News
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Solutia Files Consensual Plan of Reorganization
St. Louis, MO, October 15, 2007--Solutia today filed a consensual plan of reorganization that has the support of all major constituents in its Chapter 11 case.
DuPont Won't Face Justice Department Charges
Wilmington, DL, October15, 2007-- The Justice Department has decided not to seek criminal charges against DuPont regarding use of perfluorooctanoic acid at its Washington Works facility.
Aquafil Considers IPO
Arco di Trento, Italy, --October 15, 2007--Aquafil SpA board of directors has appointed Eidos Partners to perform a feasibility study on an IPO at the Italian Stock Exchange before the end of next year
Industrial Production Up 0.1%
Washington, DC, October 16, 2007--Industrial production rose 0.1% in September, restrained by a slump at automakers, according to a report from the Federal Reserve.
Stanley Furniture Expects 4Q Loss
Stanleytown, VA, October 16, 2007-- Stanley Furniture said it would post a loss in its fourth quarter.
D.R. Horton New Home Orders Fall 39%
Fort Worth, TX, October 16, 2007--D.R. Horton, the nation’s largest home builder, said its quarterly net orders for new homes dropped 39% amid a spike in cancellations.
Chain Store Sales Up 1% Last Week
New York, October 16, 2007—Chain store sales rose 1% in the week ended Oct. 13, compared with the prior week, according to the International Council of Shopping Centers and UBS Securities.
Empire Today Entering Memphis Market
Memphis, TN, October 16, 2007--Empire is entering the Memphis market and is planning a grand opening on October 22.
Q.E.P. Reports 2Q Profit
Boca Raton, FL, October 16, 2007—Tool and accessories maker Q.E.P. swung to a profit in the fiscal second quarter versus a year-ago period, weighed by a hefty impairment loss.