Hovnanian 4Q Profit Up 47%
Red Bank, NJ, December 8—Homebuilder Hovnanian Enterprises reported fourth-quarter earnings that rose 47 percent despite lowered expectations due to severe weather in California that delayed home construction.
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.
Lowe's' Tillman To Retire January 28
Mooresville, NC, December 8--Lowe's Chief Executive and Chairman Robert Tillman will retire from his positions Jan. 28 and will be succeeded by President Robert Niblock, according to the company's quarterly report.
IICRC Names 2005 Executive Committee
Vancouver, WA, December 8--The Institute of Inspection, Cleaning and Restoration Certification (www.IICRC.org) elected its 2005 Executive Committee during its Board of Directors’ meeting on November 8.
Armstrong Cuts to Yield Savings
Lancaster, PA, December 7---Armstrong World Industries will save much more than it costs to lay off the latest round of ill-fated workers, the company has disclosed.
InterfaceFLOR Intros FLOR Groks
Chicago, IL, December 7--InterfaceFLOR has introduced FLOR Groks – a one-of-a-kind, direct-to-consumer, communication tool, which is available on interfaceflor.com.
Home Depot to Close Georgia Lighting
Atlanta, GA, December 7—Home Depot will close Georgia Lighting, a provider of high-end decorative lighting fixtures, plumbing and antiques. Home Depot acquired Georgia Lighting and its six stores in 1999.
OMNOVA Solutions Implements Lockout at Jeannette P
Fairlawn, OH, December 7--OMNOVA Solutions has implemented a lockout of employees represented by United Steelworkers of America Local 22R at its Jeannette, Pennsylvania facility.
JD Ford & Thomas Named Finalist for Deal Maker Awa
Denver, CO, December 8--The M&A Advisor announced that Thomas Industries, LLC, a company formed by JD Ford & Company, has been selected as one of the three finalists for the "Manufacturing Industry Deal Maker of the Year."
Smith Barney: Vornado Could Bid for Sears
New York, December 7-- Smith Barney said on Monday that Vornado Realty Trust could team with a private equity firm or retailer to bid for Sears, scuttling the department store's $10.6 billion planned purchase by Kmart.
Chain Store Sales Off 1.7% Last Week
Washington, DC, NY, December 7--Retail chain store sales declined by 1.7 percent for the week ending December 4, according to the International Council of Shopping Centers (ICSC)-UBS Weekly Chain Store Sales Index released Tuesday.