Existing-Home Sales Off 0.1% January
Washington, DC, February 25--Existing-home sales, revised with improved methodology, were essentially flat in January but remained at historically high levels, according to the National Association of Realtors.
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.
Terra Blocks Launched as Low Cost Global Option
Toronto, ON, February, 25--First Canadian American Holding Corporation announced that its joint venture partner has developed unique decorative floor tile to enhance its low cost earth construction methods used around the world.
Double-Digit Profit Growth for U.S. Hotels in 2004
Atlanta, February 28--The typical U.S. hotel achieved an estimated 13.3 percent increase in profits in 2004, and is projected to enjoy another 14.1 percent boost to the bottom-line in 2005, according to the 2005 P&L Forecast published by PKF Hospitality R
Help-Wanted Ad Index Up in January
New York, NY, February 25--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America’s job market – increased three points in January. The Index now stands at 41. It was 38 one year ago.
J.C. Penney Posts 4Q Profit
Plano, TX, February 24--J.C. Penney in the fourth quarter posted earnings that were up 30 percent to $333 million, or $1.17 a share. In the fourth quarter of 2003 the company reported a loss of $1.07 billion, or $3.42 a share.
Oregon Family Opens Retail Business
Newport, OR, Februbery 24--After 25 years experience installing flooring for other companies, Dave Weiss, together with his wife, Donna, and eldest son, Dave, decided it was time to put Dave's knowledge of the flooring business to work in a family-own
British Wool Intros 'Farmer Tom' Spokesman
London, England, February 24--British Wool has introduced a cartoon creation called "Farmer Tom" to highlight the connection between the British sheep farmer and the finished British Wool carpet, according to the Journal.
Dixie Posts 4Q Profit of $5M
Chattanooga, TN, February 24--The Dixie Group reported income from continuing operations of $5,024,000, or $0.40 per diluted share, for the fourth quarter.
Labor Department Announces $6M Grant to Eliminate
New Delhi, India, February 24--Deputy Secretary of Labor Steven J. Law Thursday announced a $6 million aid commitment toward a joint project to eliminate hazardous and exploitative child labour in India.
January Durable Orders Off 0.9%
Washington, DC, Orders for durable goods dropped 0.9 percent, according to the Commerce Department. Excluding a 5.3 percent drop in orders for transportation goods, new orders actually increased by 0.8 percent.