Martha Stewart Posts Profit, Sales Fall
New York, NY, Mar. 4--Martha Stewart Living Omnimedia posted a quarterly profit, compared with a year-earlier loss, but the company said advertising sales continue to suffer.
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.
CEOs See Steady Improvement, Modest Job Growth
New York, NY, Mar. 04--The Business Roundtable, an association of chief executive officers of large U.S. companies, said the latest quarterly survey of its members show they expect "steady improvement in economic conditions".
Productivity Up
Washington, Mar. 4--The productivity of American workers grew 2.6 percent annual rate in the final three months of 2003.
Federated Boosts 1st Quarter Outlook
Cincinnati, OH, Mar.4--Federated Department Stores reported a better-than-expected 9 percent jump in February sales at stores open at least a year and raised its first-quarter earnings forecast.
Shaw's R2x Stain and Soil Remover a Hit with D
Dalton, GA, Mar. 4--Shaw Industries is reporting an excellent response to its new R2x Stain and Soil Remover.
Fed Notes Slow Job Growth Amid Economic Expansion
Washington, D.C., Mar. 4-- Employment is growing slowly as the U.S. economy continues to expand, the Federal Reserve reported Wednesday.
Mohawk Sees ’04 Capital Expenditures of $140M To $
Calhoun, GA, Mar. 4--Mohawk Industries Inc. said it expects 2004 capital expenditures, excluding acquisitions, to be between $140 million and $160 million.
Forbo Names New CEO and New Chairman
Eglisau, Switzerland, Mar. 4--Swiss floor coverings maker Forbo Group has appointed This Schneider as its new chief executive with immediate effect, replacing Werner Kummer who will leave the company.
New Flooring Fights Bacteria
Montpellier, France, Mar. 3--A new range of polyurethane resin-based floor systems that combines an antimicrobial layer has been launched.
Costco's Earnings Up 25% in the 2nd Quarter
Issaquah, WA Mar. 2--Costco Wholesale Corp. said fiscal second-quarter earnings jumped 25%, as sales were boosted by stronger foreign currencies and the recently ended grocery strike in southern California.