Wachovia Downgrades Toll Bros. on Slowing DC Home
Boston, MA, August 5--Wachovia Securities downgraded shares of Toll Brothers Inc. to market perform from outperform on high valuations and signs of a slowing housing market in Washington, D.C.
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.
Flooring Contractor to Pay $22,000 for EPA Asbest
Washington DC, August 5--McGovern’s Floor Covering, Inc., a Bristol, RI flooring contractor, has agreed to pay a $22,000 civil penalty to resolve claims made by the U.S. Environmental Protection Agency that the company violated asbestos requirements under
Flooring America/Flooring Canada to Hold Summer Co
Manchester, NH, August 4--Flooring America and Flooring Canada have lined up informative educational events and trend-setting product introductions for New Vistas, the 2005 Summer Convention on Thursday, August 25 to Friday, August 26
Inaugural Las Vegas Market Draws 62,000 Attendees
Las Vegas, NV, August 5--The highly anticipated inaugural Las Vegas Market at World Market Center debuted July 25-29, 2005 by delivering extraordinary buyer traffic and a first class market experience beyond expectations.
New Zealand’s Cavalier to be Hit by $5.8M Writedow
Wellington, New Zealand, August 4--Carpet maker Cavalier Corporation said its full year earnings will meet forecasts, but warned of a major writedown of its Microbial Technologies business, according to ShareChat News.
Haverty July Sales Off 5.5%
Atlanta, GA, August 3--Haverty Furniture reported July sales that were off 5.5% to $66.6 million, compared with $70.4 million in July 2004. On a comparable-store basis, July sales decreased 8.8%.
Retailers Report Mixed Bag in July
New York, NY, August 4--The nation's retailers reported mixed results in July as hot weather boosted sales of summer merchandise.
Pergo Launches Two New Laminate Products
Raleigh, NC, August 4--Pergo introduced two new laminate products designed exclusively for the specialty retail market.
Vorwerk Tests Floor-Controlled Robots
Wuppertal, Germany, August 4--Vorwerk presented live demonstrations of a service robot moving along a carpet containing integrated RFID technology to provide intelligent navigation at this year's Techtextil.
Pier 1 Sees Quarterly Loss After Declining July Sa
Fort Worth, TX, August 4--Pier 1 Imports said its same-store sales fell 7.7 percent in July, and its quarterly loss may be wider than analysts had expected.