Kmart’s Q4 Earnings Up 14%
Troy, MI, March 9--Kmart Holding posted fourth quarter net earnings that were up 14 percent to $309 million, or $3.09 a share, from $270 million, or $2.78, in the same period of the prior year.
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.
Quebec Homebuyers Set Sights on Larger Homes
Montreal, March 8--Residents of Quebec who plan to purchase a home within the next two years are more likely than all Canadians to purchase a bigger house (56 per cent). Nationally, 46 per cent of homebuyers intend to purchase a bigger home.
NeoCon to Highlight Sustainable Resources at GREEN
Chicago, IL, March 8--Interior designers and architects looking for environmentally friendly, green design resources, need look no further than GREENlife, which will showcase innovative ways to integrate sustainable products with creative design solutions
Healthier Choice Concentrating on Branded Products
Dalton, GA, March 8--Healthier Choice Flooring announced on March 1 that it ceased manufacturing carpet cushion and acoustical underlayment for Daltonian Flooring effective immediately.
Retailers Drive Productivity Growth
New York, NY, March 8--Companies in America’s fast-growing retail and wholesale trade sector have been the major drivers of U.S. productivity growth since 1995.
Realtors Launch Housing Market Leading Indicator
Washington, DC, March 8--After several years of study and data collection, the National Association of Realtors has developed the Pending Home Sales Index (PHSI), a new leading indicator for the housing market.
Homebuilder Ryland Sees Slowed Growth in 1Q
Calabasas, CA, March 8—-Homebuilder Ryland Group indicated that its earnings per share growth for the first quarter could be below Wall Street expectations because of delayed closings caused by bad weather in certain markets.
Chain Store Sales Off Last Week
New York, NY, March 8--Chain store retail sales fell 0.4 percent in the week ended March 5, the International Council of Shopping Centers and UBS said in a joint report.
Furniture Brands Expects Lower 1Q Earnings
St. Louis, MO, March 7--Furniture Brands International Inc., the largest U.S. home furnishings manufacturer, on Monday said it expects first-quarter profit will come in at the lower end of expectations.
BIFMA: January Office Furniture Shipments Up
Grand Rapids, MI, March 7--According to the latest statistics from the Business and Institutional Furniture Manufacturers Association (BIFMA), office furniture sales are on the rise again, as shipments of office furniture rose 17 percent in January from a