Saks 1Q Earnings Off
New York, NY, May 22, 2007--Saks reported first quarter earnings that were off 86 percent, included sizable gain on the sale of its Saks Department Store Group businesses.
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.
UK’s Topps Tiles 1H Earnings Up
London, England, May 22, 2007--Flooring retailer Topps Tiles posted a 4.4% hike in like-for-like sales while half year pre-tax profit fell slightly.
Mujica to Head Exports at Ilva
Coconut Grove, FL, May 21, 2007--Ilva S.A. has appointed Leandro Díaz Mujica to the position of export department leader at Ilva headquarters.
Inventor Develops Pneumatic Carpet Stretcher
Wayne, PA, May 21, 2007--Robert Wright of Wayne, Pennsylvania has invented the Pneumatic Carpet Stretcher.
Morgan Keegan Confirms Mohawk’s Outperform Rating
New York, NY, May 21, 2007--Analysts at Morgan Keegan reiterate their "outperform" rating on Mohawk, while revising their estimates for the company.
Lowe's 1Q Earnings Off 12%
Mooresville, NC, May 21, 2007--Lowe's in the first quarter reported net earnings of $739 million, a 12.1 percent decline versus the same period a year ago.
EcoTimber Wins Environmental Award
Anaheim, CA, May 21, 2007--EcoTimber's line of prefinished hand-scraped hardwood flooring has been awarded the Green Building Pages 2007 Sustainable Products Earth Day Award.
Pergo Clarifys CCA Severance Statement
Raleigh, NC, May 18, 2007—Earlier this week Pergo announced a change in its existing relationship with flooring retail cooperative CCA Global Partners.
Consumer Sentiment Rises in May
New York, May 18, 2007--Consumer sentiment rose in May from an eight-month low increasing to 88.7 from 87.1 in April, according to the University of Michigan's preliminary index.
Milliken Contract Launches Senior Living Line
LaGrange, GA, May 18, 2007--Milliken Carpet launched a new collection of flooring products at the Assisted Living Federation Association Conference in Dallas this week called Designed for Senior Living.