Wal-Mart's Earnings Rise
Bentonville, AR, May 13--Wal-Mart on Thursday reported a 16% increase in earnings for the latest quarter on a 14% rise in sales.
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.
Armstrong Wins Golden Hammer Award
Lancaster, PA, May 12--Armstrong Flooring, the leading manufacturer of resilient, hardwood, laminate and ceramic floor products for the professional and retail markets is a Golden Hammer Award winner for the third consecutive year.
Sears Sees Potential for 500 Sears Grand Stores
Hoffman Estates, IL, May 13--Sears, Roebuck and Co., which until now has announced plans for only five freestanding Sears Grand discount stores, now believes its new off-mall format has the potential for up to 500 locations.
Retail Sales Fall in April
Washington, DC, May 13--Retail sales retreated more than expected during April, pulled back by an auto sector decline.
New York Attorney General Shuts Down Flooring Webs
Albany, NY, May 13--The state Attorney General's office has shut down the website of Beaverhome.com, a flooring company formerly in Niagara Falls.
Home Depot Acquires Mexican DIY Chain
Atlanta, GA, May 13--Home Depot today announced it has signed a definitive agreement to acquire Home Mart, the second largest Mexican home improvement retailer.
Producer Prices Up
Washington, DC, May 13--U.S. inflation in the production pipeline stayed mild last month despite strong economic growth, validating the Federal Reserve's view that it will not need to raise interest rates rapidly this year.
Oil Prices Crimp Profits for Carpet Industry
New York, NY, May 12--According to a report from Reuters a rapid surge in oil prices has pulled the rug out from under the U.S. carpet industry.
Armstrong DD GrassMaster Gets Olympic Workout
Lancaster, PA, May 13--The 2004 Olympic Games’ football (soccer) competitions scheduled in the Panthessaliko Stadium in Volos, Greece will play out on DD GrassMaster.
May Department Stores' Earnings Up Slightly
St. Louis, MO, May 11--May Department Stores Co. said its first-quarter net income rose 5.6%, helped by brisk sales of women's accessories, footwear and apparel.