Toll Brothers 1Q Earnings Up 120%
Horsham, PA, February 23—-Luxury homebuilder Toll Brothers reported quarterly earnings that were up 120 percent, boosted by continued demand for high-end homes.
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.
New Zealand’s Feltex Earnings Up, Revenue Off
Wellington, New Zealand, February 23--Carpet maker Feltex Carpets Ltd. reported a 7.1% rise in net profit for the first half of its fiscal year despite a fall in revenue, and said the lift came as it shifted its product mix toward higher margin carpets.
Partners Launch Retail Business in Iowa
Sioux City, IA, February 23--After 14 years of running a Siouxland race track, Evan Schoenfish shifted into a new line of work, according to the Sioux City Journal.
Chain Store Sales Off Last Week
New York, NY, February 23--Chain store retail sales fell 0.1 percent in the week ended February 19, compared with a 0.1 percent increase the previous week, according to a joint report from the International Council of Shopping Centers and UBS.
Idaho Contractor Competes for Jobs Nationwide
Pocatello Idaho, February 23--At a time when the spread of big box stores is forcing other family owned businesses to close, the floor covering business which Charles H. Bohrer started in 1923 is competing for contracts throughout the nation.
Floor and Decor Opening in Phoenix a Record Breake
Atlanta, GA, February 23--Floor and Decor Outlets of America opened its first Phoenix location last month, to what the company called record-breaking sales.
Brascan Buys Weyerhaeuser's B.C. Coastal Group
Vancouver, BC--February 22--Weyerhaeuser Company reached a definitive agreement to sell its B.C. Coastal Group assets to Brascan Corporation of Toronto, Canada for approximately $1.2 billion ($970 million US), plus working capital.
Consumer Confidence Dips In February
New York, February 22--The Conference Board’s Consumer Confidence Index, after improving in January, dipped in February.
Trade Commission of Spain Intros Design Guide
New York, NY, February 22--Touting Spain as a leader in global design, the Trade Commission of Spain introduced the Guide to Spanish Design & Interiors at an event in New York City.
Federated's 4Q EPS Beats Expectations
Cincinnati, OH, February 22--Federated Department posted a quarterly profit at the high end of its expectations despite a slow start to the holiday shopping season.