Home Depot Raises Its Profit Target
Atlanta, GA, Jan. 16--Home Depot Inc., the world's largest home improvement retailer, on Friday raised its earnings outlook for 2003 but cut its planned store openings for 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.
Consumer Sentiment Highest Since Nov 2000
New York, NY, Jan. 16--U.S. consumer sentiment surged in early January to its highest level since the recession hit three years ago, as job-seekers expressed hopes that stronger economic growth will lead to better hiring in coming months.
Granitifiandre Acquires Canadian Distributor
Castellarano, Italy, Jan.15-- Granitifiandre, a leading company of ceramic slabs, based in Reggio Emilia has acquired Savoia Canada for 9.6 million Canadian dollars, or 5,896,081.56 euros.
Retail Sales Rise
Washington, DC, Jan. 15--Retail sales rose 0.5% in December, the second straight month of gains, the Commerce Department reported Thursday.
Mentor, Ohio, Carpet Store Expands
Mentor, OH, Jan. 14--During its 52 years of operation, the Imperial Carpet store in Mentor has weathered competition from national chains and changed ownership, according to the News-Herald, Willoughby, Ohio.
Monsanto May Get Some Solutia Liabilities
St Louis, MO, Jan. 15--Monsanto Co. reiterated in its 10-Q filing Wednesday that it may get stuck with some legal liabilities stemming from Solutia's Chapter 11 bankruptcy filing last month.
Dow Chemical Raises Latex Prices
Midland, MI, Jan. 15--Effective Feb. 15, the Dow Emulsion Polymers business is increasing the prices of all latex sold into the carpet industry.
Congoleum Getting Up Off The Canvas
Mercerville, NJ, Jan. 15--Most companies hope never to file for bankruptcy. At Congoleum, however, executives celebrated the recent move, according to The Times of Trenton.
Formica's Reorganization Plan Confirmed
Warren, NJ, Jan. 14--Formica Corporation today announced that the United States Bankruptcy Court for the Southern District of New York confirmed the company's Plan of Reorganization.
Jersey Energy Firm Buys Mannington's Cogenerat
Folsum, NJ, Jan. 14--Following a competitive bidding process, Marina Energy, a subsidiary of South Jersey Industries has purchased the cogeneration facility at the Salem County plant of floor covering giant Mannington Mills.