New Home Sales Off 8.1% In February
Washington, Mar. 26--Sales of new, single-family homes unexpectedly dropped again in February, adding to data suggesting that the once red-hot housing market is cooling down.
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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.
InterfaceFLOR Deploys Grokker Enterprise to Facili
SCOTTSDALE, Ariz., March 24, 2003 -- InterfaceFLOR, Inc., a subsidiary of Interface, is using Grokker Enterprise to facilitate online shopping with an easy-to-use, intuitive e-commerce Web site.
Mohawk Wins GSA Evergreen Award
Philadelphia, PA, Mar. 21--The U.S. General Services Administration (GSA) has presented the GSA Evergreen Award to Mohawk Industries of Kennesaw, Georgia.
Lowe's Chief Bullish On Housing Market
New York, NY, Mar. 21--Concerns that the U.S. housing market is losing momentum run contrary to signs that show strength in the sector, according to Robert Tillman, chairman of Lowe's Companies.
Orders Fall for Durable Goods
Washington, D.C., March 26--Orders to U.S. factories for big-ticket goods fell by 1.2 percent in February, the biggest decline in three months, a fresh sign of the struggles facing the nation's battered manufacturing sector.
Gaskell Widens Year-End Loss
London, Mar. 25--Gaskell PLC widened its full-year pretax loss to 9 million pounds sterling from 6.55 million and said it has achieved substantial progress in the restructuring of the group.
Pergo Board Makes Proposals for Annual Meeting
Trelleborg, Sweden, March 24—The Pergo Board of Directors for its upcoming Annual General Meeting, has made a number of proposals.
Kmart Posts Loss of $3.2 Billion in '02, Bank
Troy, MI, Mar. 24--Kmart Corp. reported a loss of $3.22 billion for last fiscal year, hit by massive restructuring and store-closing costs in the aftermath of its bankruptcy filing.
February Existing-Home Sales Ease From Record
Washington, Mar. 25--Sales of existing single-family homes declined last month from a record pace in January, but were still at the fourth highest pace since record keeping began in 1968, according to the National Association of Realtors.
Foamex Reports Sales up
Linwood, PA,Mar.25, 2003--Foamex International announced its 2002 fourth quarter and full-year financial results.