Home Depot Co-founder Stresses Service
Atlanta, GA, Feb. 26--Home Depot co-founder Arthur Blank said the home improvement retailer could boost sales and earnings by balancing an efficiency drive with a commitment to great customer service.
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.
Mohawk Expects Capital Spending To Remain Steady
Washington, DC, Feb. 26--Mohawk Industries sees capital spending of $120 million to $140 million for 2003, according to the company's annual report.
Kmart Could Sue Ex-CEO
Troy, MI, Feb. 26--Kmart Corp. said it’s found evidence supporting possible legal action against former chief executive Charles Conaway for allegedly hiding the retailer's deteriorating finances from the board in the months before the company filed fo
BASF Raising Nylon Fiber Prices, Too
Charlotte, NC, Feb. 24--BASF Corporation will increase prices 11% on all residential bulked continuous filament (BCF) nylon carpet products and 4% to 7% on all commercial carpet nylon fiber products.
Home Depot Has Record Year End Earnings
Atlanta, GA, Feb. 25--The Home Depot had record net earnings of $3.7 billion ($1.56 per diluted share) for fiscal 2002, compared with net earnings of $3.0 billion ($1.29 per diluted share) the year before.
Mortgage Rates At Record Lows
Washington, DC, Feb. 21--Mortgage rates fell this week, setting new lows that economists predicted would spell more good news for the housing industry. The average interest rate on a 30 year, fixed rate mortgage dipped to 5.84% for this week
Home Depot Launches New Ad Campaign
Atlanta, Feb. 24--Home Depot launched a new national advertising campaign last night with a 60-second branding spot during the Grammy Awards on CBS.
Bonar Floors To Intro New Airliner Flooring
Derbyshire, U.K., Feb. 24--A new lightweight aircraft floorcovering, which could help airlines save millions of dollars and replace conventional carpeting in aircraft, will be introduced this week at the Aircraft Interiors Expo show in Hamburg.
Home Depot Has New Ad Campaign
Atlanta, GA, Feb. 24--Home Depot launched a new national advertising campaign with a 60 second branding spot during the Grammy Awards on CBS.
Unsecured Creditors Oppose Burlington Auction Proc
Greensboro, NC, Feb. 24--Burlington Industries' committee of unsecured creditors has told a bankruptcy court that it opposes the company's proposed auction procedures, including a $14 million breakup fee for lead bidder Berkshire Hathaway.