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HCN Stock Watch: Mixed-bag Thursday

BY HBSDEALER Staff

The 30 stocks were mostly mixed at the close of Thursday, with Sears registering the biggest decline at -3.18.

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Fiber Optic Designs wins patent case

BY HBSDEALER Staff

After years in court, Fiber Optic Designs won its legal battle against a Chinese manufacturer of LED lighting products.

"After years of litigation, we feel as though justice is finally being served," said David Allen, president of Fiber Optic Designs. "This should help us free up some of Fiber Optic Designs’ resources that we intend to use to develop the LED lighting technology that literally started an industry more than 10 years ago."

The U.S. District Court for the Eastern District of Pennsylvania decided for FOD in its paten infringement case against Chinese Christmas light manufacturer Bortex. The court struck down Bortex’s claims that the FOD patent was invalid, unenforceable or not infringed. 

The amount Bortex will pay in sanctions is expected to be determined early this year.

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Tile Shop opens in Oklahoma City

BY HBSDEALER Staff

Continuing its run of new store openings, Minneapolis-based The Tile Shop opened its first store in Oklahoma City.

The 19,100-sq.-ft. store is the company’s second store in the state of Oklahoma, and the 90th store in the country. 

"We’re excited to launch our first store in Oklahoma City," said Carl Randazzo, senior VP of retail for The Tile Shop. " Our new store is perfectly positioned in a high-traffic location to meet the needs of discerning homeowners who are looking for beautiful, high quality, natural tile and stone for their home remodeling projects."

The store is located on the city’s north side in the French Market Shopping Center. 

The expanding retailer recently opened new stores in Connecticut, Boston, San Antonio and Long Island.

 

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