Study: Luxury Segment of Economy Hits $525B in 200
New York, NY, January 28--The "New Luxury" phenomenon has become such a defining force in the consumer economy that it represented approximately $525 billion in sales in the U.S. in 2004.
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.
European Nylon Producers to Invest in China
Beijing, China, January 25--Two European Nylon producers, Rhodia of France and Radici of Italy, plan to produce PA mixed materials in China, because they have no production facilities there yet, according to the China Construction Project
Remodeling Industry Continues to Grow
Cambridge, MA, Jan. 28--Even with the ups and downs of the broader economy, growth in spending on residential remodeling and repairs has been remarkably steady, with no major downturn since the early 1990s, according to a recent report by The Joint Center
Sherwin-Williams Clarifies Updated 2004 Expectatio
Cleveland, OH, January 24--The Sherwin-Williams Co., due to a number of investor inquiries, is clarifying its previous press release of January 19, 2005 in which the company updated its expectations for the fourth quarter and year 2004 which were last ann
Commerce's Frink Seeks to Cut Regulations to A
Washington, DC, January 25--Al Frink, President George W. Bush's ``manufacturing czar,'' will recommend the government scale back or eliminate environmental, workplace and other regulations to boost the competitiveness of factory owners.
Sherwin-Williams Sees 2005 Meeting Views
Cleveland, OH, January 25—-Paintmaker and retailer Sherwin-Williams Co. said Monday that it forecast full-year earnings in line with current Wall Street expectations.
Salt Lake City Salvage Firm Succeeds in Recycling
Salt Lake City, Utah, January 25--Metro Waste: The company is able to salvage about 55 percent of what comes in from projects such as the Capitol renovation
Porcelanosa Forms New Subsidiary
Villarreal, Spain, January 24--Spanish ceramic floor and wall tile manufacturer Porcelanosa is setting up a new subsidiary which will specialize in the production of bottom-of-the-range red-paste tiles.
Canadian Retail Sales Flat in November
Ottawa, Quebec, January 24-—Retail sales in Canada remained essentially unchanged in November (-0.1%) at $29.5 billion, as declines in half of all retail sectors offset gains in the other half.
Lanxess Spin-off Date Set
Leverkusen, Germany, January 24--Lanxess, the chemical spin-off from Bayer, is to begin trading on the Frankfurt stock exchange on 31 Jan 2005. One Lanxess share will be allocated for every 10 shares in Bayer AG.