Sears Lowers 2Q Guidance
Hoffman Estates, IL, July 10, 2007--Sears second-quarter earnings will likely fall well below Wall Street expectations due to disappointing sales of home appliances and other products at both Sears and Kmart.
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.
SBET: Small Business Owners Worry about Economy
Washington, DC, July 10, 2007--Those usually optimistic small-business owners are showing signs of doubt about future economic growth.
Pfleiderer Gets Buy Rating
London, England, July 10, 2007--Dresdner Kleinwort analysts placed a buy rating on timber products and infrastructure technology group Pfleiderer.
Chain Store Sales Up 0.1% Last Week
New York, NY, July 10, 2007-- Chain store sales rose 0.1 percent for the week ended July 7 from the prior week, according to the ICSC-UBS Weekly Retail Chain Store Sales Index
D.R. Horton Sees 3Q Loss
Fort Worth, TX, July 10, 2007--D.R. Horton said orders for new homes fell 40 percent last quarter, and said it would write down assets leading to a loss in its third quarter.
Lumber Liquidators Launches Unique Promotion
Cincinnati, OH, July 10, 2007--Lumber Liquidators is running a promotion that will give savings on hardwood flooring for customers in the Louisville and Cincinnati markets.
BonaKemi Earns More GreenGuard Certifications
Aurora, CO, July 10, 2007--BonaKemi USA, , has been awarded GREENGUARD Children and Schools Certification for hardwood and hard surface floor care products by the GREENGUARD Environmental Institute (GEI).
Home Depot Announces 250M Share Tender Offer
Atlanta, GA, July 10, 2007--Home Depot today announced the launch of a tender offer for 250 million shares of its common stock at a price range of $39.00 to $44.00 per share.
Hakarai Intros Seashell Series
Ashland, OR, July 10, 2007--Hakatai Enterprises Inc., importer and distributor of glass mosaic tile, introduces its new Seashell serie
IVC Increases Distribution Coverage in U.S.
Dalton, Georgia – IVC U.S., Inc. adds J.H. Freed & Sons, Floor Supply Distributors and New England Floor Supply to their current list of active distributors.