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.
Charlotte, NC, June 19--Home Depot Inc. Chief Financial Officer Carol Tome reiterated the home-improvement giant's guidance that 2003 earnings will increase 9% to 14% on a sales increase of 9% to 12%.
New York, NY, June 19--A key measure of future economic activity rose in May, bolstering hopes that the economy may be headed for a rebound.
Oklahoma City, OK, June 19--The recent acquisition of Evans Furniture by Mathis Brothers Furniture has further consolidated Mathis' grip on the $223 million-a-year furniture market in Oklahoma City, according to the Daily Oklahoman.
Union, NJ, June 19--Home goods retailer Bed Bath & Beyond Inc. on Wednesday said its first-quarter profit rose about 24 percent, beating its expectations as cost controls and a better sales mix helped lift profit margins.
Washington, DC, June 19--Asbestos victims and consumer and environmental groups unveiled a multi-state television ad campaign against a bill to curb asbestos claims on Wednesday as the proposal neared Senate committee action.
St. Louis, MO, June 19--Lower sales, continued high energy costs and a weaker U.S. dollar are just some of the reasons that Leggett & Platt Inc. (LEG) lowered its second-quarter and full-year forecasts, Chairman and Chief Executive Felix Wright said.
High Point, NC, June 18--The American Furniture Manufacturers Association board of directors Monday announced its intention to explore an advertising campaign to increase demand for home furnishings products.
Vicksburg, MS, June 18--The Anderson-Tully Co. flooring mill in Vicksburg shut down Tuesday, adding two weeks of down time to the already scheduled weeklong closing period in early July.
Greensboro, NC, June 18--An arbitration panel awarded about $16 million in damages to DuPont Co. in its arbitration case with Unifi Inc. over their manufacturing alliance, Unifi said.
Clarksburg, WV, June 18--Stockmeier Kunststoffe, a German manufacturer of polyurethane products, plans to open a facility in Harrison County.