Mortgage Applications Drop 6.3%
Washington, August 25--The Mortgage Bankers Association (MBA) today reported a 6.3 percent drop in applications compared to the previous week.
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.
Buckhardt Fund Seeks Donations
Fort Wayne, IN, August 25 -The 5th Annual George Buckhardt Memorial Golf Outing, hosted by George's Flooring Supplies, now part of Carpet Cushions and Supplies, will be held October 10, 2004 at the Colonial Oaks Golf Course in Fort Wayne, IN.
Sears Signs Target Executive
Hoffman Estates, IL, August 24—Sears has named Luis Padilla from rival Target Corp. to become its first president of merchandising.
Shaw’s Julian Saul Heads Group in Resort Purchase
Calhoun, GA, August 19-- Julian Saul, president of Shaw Industries, is one of three North Georgia investors who came together to purchase the North Georgia, Barnsley Gardens Inn & Golf resort.
Dillard's Losses Narrow in 2Q
Little Rock, AR, August 18--Dillard's Inc. on Wednesday reported a narrower quarterly loss as it cut costs, but a drop in same-store sales caused the latest results to miss Wall Street's estimates by a wide margin.
California’s Art Tile has Something for Everybody
Oakland, CA, August 17--It's Monday morning. Trucks line the curb of Art Tile in Temescal, where contractors are stocking up on tile for the workweek ahead, according to the Contra Costa Times.
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.
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.