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.
St. Louis, Mo, November 9--Bankrupt chemical maker Solutia Inc. said in a regulatory filing Friday that price increases, higher sales volumes and favorable currency-exchange rates drove up third-quarter net sales by 14 percent.
Linwood, PA, November 5--Foamex in the third quarter reported a net loss of $114.5 million, or $4.68 per diluted share, compared with a net loss of $11.0 million, or $0.45 per diluted share, in the third quarter of 2003.
Cincinnati, OH, November 4--Federated Department Stores, reported total sales of $1.098 billion for the four weeks ended October 30, 2004, an increase in total sales of 3.8 percent compared to total sales of $1.057 billion in the same period last year.
Red Bank, NJ, November 3--Homebuilder Hovnanian Enterprises lowered its full-year 2004 earnings forecast, due to unusually wet weather in the southern California region.
Washington, DC, November 1--Spending on new construction was virtually flat in September, as the first decrease in housing construction outlays since early 2003 offset a slight gain in non-residential building activity.
St. Catharines, Ontario, October 29--Sears Canada today opened a Sears Coverings store in St. Catharines, the first of six off-mall specialty format stores to open in Canada this year.
Midland, MI, October28-- Dow Chemical Co.'s third-quarter profit surged 86 percent on increased plastics sales, but demand remains vulnerable to soaring energy costs, the No. 1 U.S. chemicals maker said Thursday.
Washington, October 27—Durable goods orders were up last month thanks in part to a huge increase in orders for communications equipment, but the increase still fell shy of economists' expectations.
Dalton, GA, October 26--Steve Ladd has joined Thomas Industries, LLC as senior vice president sales and marketing.
Houston, TX, October 25--While the local housing boom has helped sustain Houston's economy, could a national slowdown mean the luster will soon start to wear in our own backyard?