Kohl's Q2 Earnings up 27%
Menomonee Falls, WI, August 12--Kohl's reported second quarter earnings of $187.2 million, or $0.54 per share, up from $146.9 million, or $0.43 per share, in the year-ago period.
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.
Import Prices Up 1.1% on Oil Hikes
Washington, DC, August 12--With oil prices surging again, prices of imports rose 1.1% in July, the Labor Department reported Friday.
NRF Reports Retail Industry Growth of 4.6% in July
Washington, DC, August 12-—Usually known as a transitional month for retail, July saw strong gains in retail sales as shoppers continued to supplement trips to the beach with visits to the stores.
UK’s Floors-2-Go to Opens Stores in Northern Irela
Birmingham, England, August 12—-The UK's biggest specialist flooring company will open six stores in Northern Ireland this month, according to the Belfast Telegraph.
Open Letter to Retailers & Distributors from Witex
Kennesaw, GA, August 12--Roland Elbracht, president, Witex Flooring Inc. posted the following open letter to Witex and Laura Ashley distributors and Retailers on the Internet:
Armstrong Technology Offers New Looks in Laminate
Lancaster, PA, August 12--New looks in laminate flooring from Armstrong are now available through additions to both the Pacific Height Strip and next-generation tile visuals for the Nature’s Gallery laminate collections.
Propex Names New CEO
Austell, GA, August 12--Edmund A. Stanczak, Jr. has been named president and CEO of Propex Fabrics Inc., effective August 16, 2005.
Nature Stone to Offer Franchises in Western Pennsy
Bedford OH, August 11--Nature Stone founder/owner Russ Masetta announced the company will offer exclusive franchises in western Pennsylvania and Ohio for its stone and epoxy flooring.
Target Beats 2Q Estimates
Minneapolis, MN, August 11--Target Corp. reported second quarter net income of $540 million, or $0.61 per share, down from $1.41 billion, or $1.53 per share, the year before.
NRF Names New Chair of Women in Loss Prevention Ca
Washington D.C., August 11--The National Retail Federation (NRF) welcomed the newest Chairperson of the NRF Women in Loss Prevention Caucus.