Home Depot Signs Deal with Reality Show Producer
Atlanta, GA, February 2--Home Depot reached a promotional agreement with reality television company Mark Burnett Productions to have its products and services integrated in TV programs.
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U.K.’s Carpetright Reports Subdued Sales
Rainham, England, February 2—-U.K. Floor coverings group Carpetright reported a "tough" January sale in the UK and Ireland and said trading in all its markets had been subdued.
Home Depot Director to Step Down
Atlanta, GA, February 2--Home Depot director Roger S. Penske doesn't plan to stand for re-election to the company's board, the home-improvement retailer disclosed Tuesday.
Mystery Buyer Bids for Stoddard
London, England, February 2--A mystery buyer has launched a last-minute bid to save Scotland's oldest carpet manufacturer, according to the Glasgow Evening Times.
Defendant Companies Oppose Draft Asbestos Bill
Washington, DC, February 2--A group of asbestos defendant companies and insurers has declared its opposition to a Senate proposal curbing asbestos claims, and warned that industry groups working on the plan do not necessarily represent them.
Georgia-Pacific 4Q Earnings Off
Atlanta, GA, February 1--Georgia-Pacific reported its fourth-quarter net profit fell by almost half, after it increased funds to cover asbestos lawsuits.
Leggett & Platt 4Q Earnings Up 11%
Carthage, OH, February 1--Leggett & Platt posted an 11 percent increase in fourth-quarter earnings, driven by on asset sales, a lower tax rate, sales growth and full production at its steel mill.
Chain Store Sales Off 1.9% Last Week
New York, NY, February 1--The International Council of Shopping Centers-UBS Retail Chain Store Sales Index plunged by 1.9% in the week ended Jan. 29 from the week before, on a seasonally adjusted, comparable-store basis, according to data released Tuesday
Report: May-Federated Talks Hit Snag
New York, February 1—-According to a report in the Wall Street Journal, price appears to be a prime sticking point in Federated Department Stores’ efforts to acquire May Department Stores.
Universal Forest 4Q Earnings Up 38%
Grand Rapids, MI, February 1--Universal Forest Products Inc. reported that its fourth-quarter profit rose 38 percent, helped by higher lumber and chemical prices, and the company expects results to improve in 2005.