Financial and business news about home textiles retailers, manufactuers, and suppliers en-us http://www.hometextilestoday.com/community/Financial/47388.html?nid=3783 2009 Reed Business Information. Subject to its http://www.hometextilestoday.com/info/.html Terms of Use. Wed, 11 Nov 2009 10:06:04 MST http://www.hometextilestoday.com/article/CA6706582.html?nid=3783 Lakeland, Fla. — Trimming supplier Bomar Trimming apparently has ceased operations. Wed, 11 Nov 2009 07:58:00 EST http://www.hometextilestoday.com/article/CA6706551.html?nid=3783 Cincinnati – Pivoting off a smaller-than-expected third quarter loss, Macy’s Inc. today raised its outlook for the fiscal year. Wed, 11 Nov 2009 07:17:00 EST http://www.hometextilestoday.com/article/CA6706457.html?nid=3783 New York – Same-stores sales during the first week of the month rose 1.7% compared to the same week last year and climbed 4.3% compared to October, the Johnson Rebook reported today. Tue, 10 Nov 2009 13:16:00 EST http://www.hometextilestoday.com/article/CA6706450.html?nid=3783 New York – A higher number of consumers plan to go shopping on Black Friday this year, according to a survey released last week by the International Council of Shopping Centers and Goldman Sachs. Tue, 10 Nov 2009 12:09:00 EST http://www.hometextilestoday.com/article/CA6706165.html?nid=3783 New York – WestPoint International’s sales posted another decline in the third quarter, but cuts in expenses helped hold operating loss at $19 million – flat over last year’s 3Q. Mon, 09 Nov 2009 10:33:00 EST http://www.hometextilestoday.com/article/CA6705726.html?nid=3783 New York – Retail sales showed signs of life in October – in some cases, robustly so. Thu, 05 Nov 2009 14:16:00 EST http://www.hometextilestoday.com/article/CA6705724.html?nid=3783 New York – Buoyed by improving sales trends and cost-management controls, four retailers boosted their profit expectations. Thu, 05 Nov 2009 14:11:00 EST http://www.hometextilestoday.com/article/CA6705720.html?nid=3783 Hudson, Ohio – During the third quarter, Jo-Ann Stores’ sales rose 6.0% to $509.1 million, the fabric and crafts retailer reported today. Thu, 05 Nov 2009 13:50:00 EST http://www.hometextilestoday.com/article/CA6705716.html?nid=3783 Jacksonville, Fla. -- Stein Mart Inc. blamed a lower level of clearance merchandise for its declining third quarter sales, fell 9.6% to $270.2 million from $298.8 million last year. Thu, 05 Nov 2009 13:44:00 EST http://www.hometextilestoday.com/article/CA6704995.html?nid=3783 New York – Comp sales for October exceeded target, the Johnson Redbook reported today. Tue, 03 Nov 2009 07:25:00 EST http://www.hometextilestoday.com/article/CA6704734.html?nid=3783 New York — CIT Group filed for Chapter 11 bankruptcy protection Sunday, in an effort to wipe away billions of dollars of debt after bondholders rejected an alternative debt-swap offer. Mon, 02 Nov 2009 09:33:00 EST http://www.hometextilestoday.com/article/CA6704725.html?nid=3783 Washington – As first-time buyers race to beat a tax credit expiration at the end of the month, pending home sales in September extended their streak. Mon, 02 Nov 2009 09:00:00 EST http://www.hometextilestoday.com/article/CA6704540.html?nid=3783 New York — CIT Group, which could be headed for bankruptcy court soon, said today it has entered into an agreement with investor Carl Icahn for a $1 billion line of credit to use as it pursues its restructuring plans. Fri, 30 Oct 2009 10:45:00 EST http://www.hometextilestoday.com/article/CA6704533.html?nid=3783 Calhoun, Ga. – Mohawk Industries Inc. saw its business pick up compared to a year ago, albeit “slightly,” with improvements in earnings per share during the third quarter. But these were dampened by year-to-date results – including a net loss of $25 million, or 37 cents per share, and a 25% decline in sales. Fri, 30 Oct 2009 10:28:00 EST http://www.hometextilestoday.com/article/CA6704351.html?nid=3783 New York — Troubled lender CIT Group said Wednesday that it had expanded its current $3 billion senior secured credit facility by an additional $4.5 billion. Thu, 29 Oct 2009 09:55:00 EST http://www.hometextilestoday.com/article/CA6704354.html?nid=3783 Toronto – Retail advisory firm Karabus Management, a subsidiary of PricewaterhouseCoopers LLP, is projecting flat to 1% growth in U.S. holiday sales this year. Thu, 29 Oct 2009 09:08:00 EST http://www.hometextilestoday.com/article/CA6704344.html?nid=3783 Greensboro, N.C. -- Unifi Inc. today said that it has achieved its highest quarterly net income in seven years during the first quarter. Thu, 29 Oct 2009 08:20:00 EST http://www.hometextilestoday.com/article/CA6704237.html?nid=3783 New York — Troubled lender CIT Group said yesterday evening that an open letter by investor Carl Icahn contained several inaccuracies about the company's restructuring plans. Wed, 28 Oct 2009 09:46:00 EST http://www.hometextilestoday.com/article/CA6704233.html?nid=3783 Gardena, Calif. — Home furnishings retailer Z Gallerie said Tuesday it has emerged from Chapter 11 bankruptcy with a $22 million financing package from Wells Fargo Business Credit. Wed, 28 Oct 2009 09:43:00 EST http://www.hometextilestoday.com/article/CA6704088.html?nid=3783 New York – Business at The Bon-Ton Stores is improving compared to earlier this year, and the company is now looking for fiscal results on the high end of its guidance, although it still expects to lose money. Tue, 27 Oct 2009 11:23:00 EST