Today's Flooring News

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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.

Durable Goods Orders up 0.6% in December

Washington, DC, January 27—-Durable goods orders increased 0.6 percent in December, despite large declines in civilian aircraft and defense goods, the Commerce Department said Thursday.

Lear 1Q Earnings Off 7%

Southfield, MI, January 28--Lear Corp., the maker of automotive carpet and interiors, said earnings in the latest quarter fell 7 percent from a year earlier, hurt mainly by higher raw-material prices.

Help Wanted Index Up 2 Points

New York, January 28--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America's job market – increased two points in December.

Dow Chemical 4Q Earnings Up 10%

Midland, MI, January 27--Dow Chemical posted a 10 percent increase in fourth-quarter net profit on Thursday, beating expectations, as it benefited from higher prices.

Sears 4Q Earnings Off 86%

Hoffman Estates, IL, January 28—Sears reported an 86 percent drop in fourth-quarter net earnings Thursday after shedding its profitable credit-card unit a year earlier, its results now solely dependent on sagging retail sales.

Shopping-Mall Vacancy Rates Decline to 5.3%

New York, NY, January 27--The nation's retailers added space in the fourth quarter, pushing down vacancy rates in malls and strip malls while driving rents almost 1% higher, according to a new survey.

Iran's Carpet Revenues Declining

London, England, January 27--Iran's carpet exports have declined significantly in the past months, said a senior Persian carpet industry official on Tuesday, expressing serious concern about the downward trend, according to Iranmania.com.

Sears Will Not Provide Forecasts in 2005

Hoffman Estates, IL, January 26--Sears, Roebuck and Co. said it would not provide a 2005 profit forecast during its upcoming earnings conference call because of its impending acquisition by Kmart Holdings Corp.