ServiceMaster 1Q Earnings Off
Downers Grove, IL, May 10--ServiceMaster Co. posted a slightly lower first-quarter profit partly due to unfavorable March weather.
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.
UK’s Stonell Direct Offers a 'Chocolate Box
London, England, May 10--Stonell Direct, the UK’s only national natural stone flooring company, has introduced a range of new stones.
Home Sales to Benefit From Slower Mortgage Interes
Washington, DC, May 10--Mortgage interest rates have been trending up less than expected, a pattern that should continue through next year.
Clayton Miller & Tricycle Lead Hospitality Sector
Chattanooga, TN, May 10--Clayton Miller and Tricycle, Inc. have teamed together to offer fast, accurate carpet samples to the hospitality industry and to help curtail the high cost of strike-offs.
Mohawk ColorCenter and FloorScapes Retailers Partn
Dalton, GA, May 10--Mohawk has become an Industry Partner with the American Society of Interior Designers (A.S.I.D.).
Shaw Intros Second Collection of ClearTouch Styles
Dalton, GA, May 10--In the wake of the company’s successful launch of its ClearTouch PET styles, Shaw is introducing a variety of new products that expands the range of construction options for the innovative fiber system.
Louisiana Primed for Flooring Industry
Baton Rouge, LA--May 10--According to a study of Louisiana’s forest population, the state has abundant timber resources available to establish the manufacturing of High Density Fiberboard (HDF) laminate flooring.
Saks Fires Execs After Markdown Probe
Birmingham, AL, May 10--Saks Inc. on Monday said it has fired its chief accounting officer and other top officers after an internal investigation into improper collections of markdown allowances.
Chain Store Sales Up 0.7% Last Week
New York, NY, May 10-—Chain store sales were up 0.7% in the week ended May 7 compared with the week before, on a seasonally adjusted, comparable-store basis.
May Department Store’s 1Q Earnings Drop
St. Louis, MO, May 10--May Department Stores, which has agreed to be acquired by Federated Department Stores, reported earnings of $41 million, or $0.13 per share, versus $76 million, or $0.24 per share, in the same period a year earlier.