Target Eyeing Hudson's Bay
Minneapolis, MN, August 16--Target Corp. may be nearing a deal to buy part or all of Canadian retailing giant Hudson's Bay in a deal that could be worth nearly $860 million, according to a published report.
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.
Economists Cut GDP Forecasts
New York, August 13--Economists slashed their forecasts for third-quarter growth, but they see the weakness as short-lived and anticipate job growth ahead, according to the latest Wall Street Journal Online economic-forecasting survey.
Federated Upbeat About 2nd Half
Cincinnati, OH, August 12--Federated Department Stores reported stronger sales during the three months through the end of July and the retailer said it has seen an encouraging response to its early fall merchandise in recent weeks.
Housing Market Threatened by Shortages of Cement &
Washington, August 11--A shortage of cement and other key building materials looms as the biggest threat to the dynamic housing market that has produced record levels of new home construction.
Carpet One Names New Ad Agency
Manchester, NH, August 9--Carpet One has announced a new agency partnership with Columbus-based Ten United. After a three-month review, Carpet One selected Ten United to replace its previous agency Doner.
Columbia Flooring to Double Capacity at Danville P
Danville, VA, August 2-- Columbia Flooring today announced plans to invest $13.5 million in an expansion of its Danville engineered hardwood flooring plant that will ultimately double the facility's production capability.
Fed's 'Beige Book' Reveals Expansion
Washington, DC, June 17--The economic recovery broadened in April and May as most regions of the country reported stronger factory production, robust retail sales and faster job growth, but inflation remained tame, the Federal Reserve said.
Wellman Announces 4th Quarter Earnings
Shrewsbury, NJ, Feb. 27--Wellman, Inc. has reported a net loss from continuing operations of $98.1 million for the fourth quarter and $96.7 million for the full year ended December 31, 2003.
EU Trade Sanctions Have Dual Edge
New York, NY, Feb. 26--Trade sanctions that U.S. exporters are to start paying the European Union could top a hefty $300 million this year, but the standoff also could undermine confidence in the international body charged with resolving trade disputes.
Ban Extended On Retailers Plans To Open Bank
Washington, DC, February 1, 2007--Wal Mart, Home Depot and other large retailers seeking to run their own banks faced a tougher road Wednesday when federal regulators voted to extend a moratorium on such moves for a year.