Mohawk's Rating Cut by Legg Mason on Raw Mater
New York, March 23—-Legg Mason analysts have cut their rating on Mohawk Industries Inc. to "hold" from "buy."
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.
Goodfellow’s 2Q Earnings Off
Delson, Quebec, March 23--Goodfellow Inc., Canada’s largest distributor of hardwood flooring, saw its net profits fall in the fiscal second quarter on lower sales.
UK's Topps Tiles Warns of Sales Declines
Cheshire, England, March 23--Topps Tiles has joined the ranks of retailers suffering in the current UK consumer downturn.
Georgia May Permit Logging River Bottoms
Cairo, GA, March 22--A century after loggers stopped using Georgia's rivers to move their product, the state Legislature is considering a bill to let divers extract sinkers.
Vornado to Back Sears-Kmart Deal
Paramus, NJ, March 22--Vornado Realty Trust said it would support Kmart's $12 billion acquisition of Sears, quashing speculation the real estate company would make its own bid for the struggling department store.
UK Carpetmaker Hugh Mackay in Administration
Durham, England, March 22--The firm has made carpets for palaces and leading hotels, but now one of the country's leading carpet makers has put its factory in Durham into administration, according to the BBC.
Lennar's 1Q Earnings Up 39%
Miami, FL, March 22—-Homebuilder Lennar Corp. said Tuesday that first-quarter earnings grew 39 percent year-over-year, as pricing power in land-constrained markets drove strong margins.
Producer Prices Up 0.4%
Washington, DC, March 22—-The producer price index rose 0.4 percent in February helped by a jump in energy prices, according to the Labor Department.
Chain Store Sales Up 0.2% Last Week
Washington, DC, March 22—-Chain store sales increased 0.2 percent last week, according to data released Tuesday by the International Council of Shopping Centers and UBS.
Coverall Cleaning Opens Master Regional Support Ce
Boca Raton, FL, March 22--Coverall Cleaning Concepts opened a new Coverall Master Regional Support Center in Iselin, New Jersey, owned and operated by John D. Landolfi.