Women Driving Home Improvement
New York, NY, Mar. 4--The big home-improvement retailers are increasingly focusing on female consumers, and with good reason.
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.
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.
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.
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.
Unifi Cuts 2 Plants
Greensboro, NC, Mar. 3-- Unifi is closing two plants, cutting back at another and eliminating nearly 400 jobs, or about 10 percent of its work force, to cut costs in response to the slump in the textile business.
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.
Greenspan: Rates Must Rise At Some Point
Washington, Mar. 3--Interest rates are too low for long-term economic stability and will have to rise at some point, Federal Reserve chairman Alan Greenspan said.
Hospitals to Boost Spending
New York, Mar. 3--Hospitals plan to boost capital spending by 14% annually over the next five years, a new survey shows, a move that could squeeze many hospital systems' already thin profits.
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.