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.
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.
Consumer Confidence Dips In February
New York, February 22--The Conference Board’s Consumer Confidence Index, after improving in January, dipped in February.
Chinese Timber Group Denies Smuggling Allegations
Beijing, China, February, 22--A Chinese timber distribution official on Tuesday rejected a report by overseas environmental groups that claims to expose the rampant smuggling of illegally-logged hardwood from Indonesia to China, according to Kyodo News.
FiberFloor Wins Woman's Day First HR Awards
Whitehall, PA, February 22--Tarkett Residential was named Best New Flooring by Woman’s Day Special Interest Publications’ Woman’s Day Home Remodeling & Makeovers in their first annual "Best New Product Awards."
Indonesian Police Arrest Illegal Loggers
Jakarta, Indonesia, February 22—-Police from the province of Papua have captured three suspects along with a barge full of smuggled timber in the Naramasa waters near Manokwari, according to the Jakarta Post.
Carpet One Names Mannington 'Partner of the Ye
Salem, NJ, February 22--This month at the Carpet One 20th Anniversary Winter Convention in Dallas, Mannington was named the organization’s Partner of the Year. Voted on by over 1,000 Carpet One members, this first-ever award recognizes the outstanding an
Stoddard Closes its Doors
Kilmarnock, Scotland, February 22--Production at a historic Scottish carpet maker is to end after receivers conceded defeat yesterday in their attempts to find a buyer, according to the Guardian.
NYT: May Suspends CEO Search
New York, NY, February 22--According to a report in the New York Times, May Department Stores said it has suspended its search for a new chief executive officer as merger talks with Federated Department Stores advanced.