Sears 3Q Earnings Off on Costs
Hoffman Estates, Il, December 6, 2005--Sears Holdings said fiscal third-quarter profit slid as the costs of Kmart's combination with the Sears, Roebuck and Co., offset a sharp increase in sales.
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.
Haverty Furniture Reports Record November Sales
Atlanta, GA, December 6, 2005--Haverty Furniture in November reported record sales that increased 7.5% to $77.9 million, compared with $72.4 million in November 2004.
Retail Rents to go Up, Vacancies Down in 2006
New York, NY, December 6, 2005--Retail vacancies will inch down to an average of 8.8 percent in 2006, and rent growth will gain momentum to 3.5 percent (from 2.5 percent this year), according to Marcus & Millichap's retail group.
Building Plastic and Patton Group Named LG Floors
Kenilworth, NJ, December 6, 2005--Innovision Flooring Corp., the U.S. distributor for LG Floors, announces its appointments of Building Plastic, Inc., of Texas, Wynco, New England, and the Patton Group of Northern California.
NRF to Offer Retail Trend Forums
Washington, DC, December 5, 2005 – Retailers from around the world will gather for the National Retail Federation’s (NRF) 95th Annual Convention and EXPO, January 15-18, 2006 at the Jacob Javits Convention Center in New York City.
Service Sector Activity Slows in November
Tempe, AZ, December 5, 2005 --Activity in the services sector accelerated at a slightly slower pace in November, the Institute for Supply Management said Monday.
Sears Offers to Buy Remainder of Sears Canada
Hoffman Estates, IL, December 5, 2005--Sears Holdings has offered to buy the remaining stake in Sears Canada for about $718.5 million.
Laticrete Donates Product to Haitian Village
Bethany, CT, December 5, 2005--Laticrete International, for a half a century, has been a world leader in providing ceramic tile and stone installation systems on a global basis.
Frist: Asbestos Bill on Senate Floor in Early ‘06
Washington, DC, December 5, 2005--Senate Majority Leader Bill Frist on Friday reaffirmed a pledge to bring up legislation to curb asbestos lawsuits early next year.
Turman Hardwood to Expand in Virginia
Galax, VA, December 5, 2005--Nearly four years after buying a lumber operation in Galax, Turman Hardwood Flooring announced Friday that it will expand its facility in the city, add a new product line and hire 40 more employees, starting early next year.