Trade Deficit Narrows in March
Washington, DC, May 11--The deficit narrowed by 9.2% in March to $55 billion. This is the lowest trade deficit since last September and the largest monthly decline since December 2001.
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.
Toll Brothers Homebuilding Sales up 51%
Horsham, PA, May 11—-Toll Brothers said its second-quarter contracts and backlog for the period ended April 30 were the highest in its history on strong demand for luxury homes.
Federated’s 1Q EPS Up 34%
Cincinnati, OH, May 11--Federated Department Stores in the first quarter reported net earnings that were up 27 percent to $123 million.
Vacuum Study Tackles Asthma Misconceptions
Perth, Australia, May 11--To most of us it is a chore but for two Western Australian researchers, the humble practice of vacuum cleaning is a scientific passion.
Greenbuild Part of Commerce Department’s Internati
Washington, DC, May 11--The Greenbuild International Conference and Exposition, an annual conference organized by the U.S. Green Building Council (USGBC), has been accepted into the U.S. Department of Commerce’s (DOC) International Buyer Program.
Chain Store Sales Up 0.7% Last Week
New York, NY, May 10-—Chain store sales were up 0.7% in the week ended May 7 compared with the week before, on a seasonally adjusted, comparable-store basis.
May Department Store’s 1Q Earnings Drop
St. Louis, MO, May 10--May Department Stores, which has agreed to be acquired by Federated Department Stores, reported earnings of $41 million, or $0.13 per share, versus $76 million, or $0.24 per share, in the same period a year earlier.
Louisiana Primed for Flooring Industry
Baton Rouge, LA--May 10--According to a study of Louisiana’s forest population, the state has abundant timber resources available to establish the manufacturing of High Density Fiberboard (HDF) laminate flooring.
Shaw Intros Second Collection of ClearTouch Styles
Dalton, GA, May 10--In the wake of the company’s successful launch of its ClearTouch PET styles, Shaw is introducing a variety of new products that expands the range of construction options for the innovative fiber system.
Saks Fires Execs After Markdown Probe
Birmingham, AL, May 10--Saks Inc. on Monday said it has fired its chief accounting officer and other top officers after an internal investigation into improper collections of markdown allowances.