Wholesalers Inventories Up in December
Washington, Dc, February 10--Wholesale inventories were up 0.4% to a seasonally adjusted $328.27 billion in December, after rising 1.2% in November, the Commerce Department said Wednesday.
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.
May's 4Q Earnings Drop
St. Louis, MO, February 10--May Department Stores reported fourth-quarter earnings of $339 million, or $1.10 per share, off from the $425 million, or $1.38 per share, posted a year earlier.
Canada to Seek $3.3 Billion in U.S. Softwood Dutie
Ottawa, ON, February 11--Canada will ask the World Trade Organization to order the United States to refund $3.3 billion in countervailing and anti-dumping duties levied on Canadian softwood lumber, Trade Minister Jim Peterson said this week.
Apso Names U.S. Sales Manager
Chattanooga, TN, February 10--Tricycle, Inc. president Jonathan Bragdon announced that Josh Chappelear has been named U.S. sales manager at Apso.
Mohawk: Training & Education Key at ColorCenters
Nashville, TN, February 9--You could see how much his point had hit home. You could hear it too, with the soft murmurs filling the packed room.
Sears to Open New Off-Mall Stores
Hoffman Estates, IL, February 9—-Sears will open a new type of store this spring to build up its presence outside of its traditional shopping mall space.
FiberFloor Wins HOME 2005 American Building Produc
Whitehall, PA, February 9--Tarkett Residential won HOME magazine’s 2005 American Building Product Award in the flooring category for FiberFloor.
Visa Says Debit Cards Boost '04 Spending
San Francisco, CA, February 9--Visa USA said that consumers' use of debit and prepaid cards helped drive total spending up 19.1 percent last year to a record $1.045 trillion.
Sherwin-Williams CEO Establishes Trading Plan
Cleveland, OH, Feburary 9--Sherwin-Williams said that Christopher M. Connor, chairman and chief executive officer, has established a trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act.
La-Z-Boy Earnings Off 27%
Monroe, MI, February 9--La-Z-Boy Inc. said its third quarter earnings fell 27 percent from the previous year despite a sales increase, as the company's selling, general and administrative costs increased 24 percent.