Dixie Posts 4Q Profit of $5M
Chattanooga, TN, February 24--The Dixie Group reported income from continuing operations of $5,024,000, or $0.40 per diluted share, for the fourth quarter.
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.
California Retailer Expands
Oroville, CA, February 24--When Chico residents Bryan and Ray Hobbs began looking for satellite locations for their successfully expanding floor coverings business Floors by Ray, the natural choice they found for a location was the city of gold.
Avalon Donates $50,000 to Local Charities
Cherry Hill, NJ, February 24--Avalon Carpet Tile and Flooring recently donated $50,000 to be shared among three charities in southern New Jersey.
Labor Department Announces $6M Grant to Eliminate
New Delhi, India, February 24--Deputy Secretary of Labor Steven J. Law Thursday announced a $6 million aid commitment toward a joint project to eliminate hazardous and exploitative child labour in India.
J.C. Penney Posts 4Q Profit
Plano, TX, February 24--J.C. Penney in the fourth quarter posted earnings that were up 30 percent to $333 million, or $1.17 a share. In the fourth quarter of 2003 the company reported a loss of $1.07 billion, or $3.42 a share.
January Durable Orders Off 0.9%
Washington, DC, Orders for durable goods dropped 0.9 percent, according to the Commerce Department. Excluding a 5.3 percent drop in orders for transportation goods, new orders actually increased by 0.8 percent.
Johnsonite Announces 4% to 5% Price Hike
Chagrin Falls, OH, February 24--Johnsonite announced a 4-5% price increase on February 14 effective March 7, 2005.
Kronopol Opens Facilities For U.S. Distribution
Toronto, ON, February 25--Kronopol Marketing, the North American division of Kronopol, has opened facilities in Minneapolis and Tampa, Florida for the distribution of its laminate flooring products.
Partners Launch Retail Business in Iowa
Sioux City, IA, February 23--After 14 years of running a Siouxland race track, Evan Schoenfish shifted into a new line of work, according to the Sioux City Journal.
Chain Store Sales Off Last Week
New York, NY, February 23--Chain store retail sales fell 0.1 percent in the week ended February 19, compared with a 0.1 percent increase the previous week, according to a joint report from the International Council of Shopping Centers and UBS.