Today's Flooring News

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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.

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.

Wholesale Inventories Up 0.4%

Washington, DC, May 9—Wholesale inventories increased 0.4% in March as wholesales grew by 0.2% during the month, according to the Commerce Department.

TCNA Offers Handbook for Ceramic Tile on CD

Anderson, SC, May 9--Produced by the Tile Council of North America, Inc. (TCNA), the CD-ROM version of the 2005 Handbook for Ceramic Tile Installation offers hyperlinks between ANSI standards and the Handbook.