Spending, Income Rise
Washington, D.C., Mar. 1--Consumers' spending and income rose in January but the pace slowed. A decrease in taxes helped boost disposable personal income and the personal savings rate.
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.
Furniture War Snarls Retailers, Consumers
New York, NY, Mar. 1--Crate & Barrel, J.C. Penney Co. Inc., Rooms to Go and more than 60 other retailers say the proposed furniture duty could double prices and turn off customers.
Consumer Sentiment Index Falls
New York, Feb 27--U.S. consumer sentiment fell sharply in February, as Americans turned cautious about the U.S. economy that has been hampered by sluggish jobs growth, according to a survey released on Friday.
Kohl's 4Q Profit Off 12%
Menomonee Falls, WI, Feb. 27--Kohl's Corp. reported a 12% drop in fiscal fourth-quarter net income, hurt in part by weaker sales at stores open at least a year.
Mattsson Resigns From Tarkett
Farnham, Quebec, Feb. 27--Tarkett announced today that Ulf Mattsson has resigned as President and CEO of Tarkett Inc. to pursue other interests.
Home Depot Increases Share Repurchase Program
Atlanta, GA, Feb. 27-- Home Depot's board of directors declared a quarterly cash dividend of seven cents per share and an increase in its authorized share repurchase program of $1 billion.
GDP Up 4.1% in 4th Quarter
Washington, D.C., Feb. 27--The U.S. economy was a bit stronger in the final three months of 2003 than earlier projected as the government raised its estimates on spending by consumers and businesses.
Weyerhaeuser To Sell Two Saskatchewan Mills
Prince Albert, Saskatchewan, Feb. 27---As part of its effort to improve strategic focus and competitiveness, Weyerhaeuser Co. intends to sell two mills in Saskatchewan.
New-Home Sales Off
Washington, DC—Feb. 26--Demand for new homes fell to the lowest level in eight months in January, but sales didn't drop as far as analysts expected.
Foam Products Extends Warranties
Calhoun, GA, Feb. 29--Foam Products Corporation announces that on all Sta-Put polymeric foam non-skid area rug pads the warranty will be for the life of the rug.