CarpetMax Canada Changes Name
Manchester, NH , Jan. 3--Following a unanimous decision endorsed by members of CarpetMax Canada, the floorcovering association has officially changed its name to Flooring Canada.
Today's Flooring News
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J.C. Penney Sales On Track
New York, Jan. 6-- J.C. Penney expects to meet its January sales goals at stores open a least a year. The firm had expected flat to slightly increased sales.
Columbia to Purchase Weyerhaeuser Underlayment Pla
Portland, OR, Dec. 30--Columbia Forest Products plans to purchase the Nipigon Multiply hardwood plywood underlayment operation in Ontario, Canada from Weyerhaeuser Company Limited.
Consumer Confidence Drops
New York, NY, Dec. 31--Consumer confidence declined in December, largely because of the discouraging employment outlook, according to the Consumer Confidence Board.
Manufacturing Activity Grows
New York, NY, Jan. 2--Manufacturing activity expanded strongly in December, the first growth in four months, but it is unclear if that momentum can be sustained, according to the Institiute for Supply Management.
Color Tile to Expand
Kennesaw, GA, Dec. 27--CarpetsPlus plans to expand its recently acquired Color Tile brand to 450 stores by the end of 2003.
New Home Sales Hit Record High
Washington, Dec. 27--New-home sales jumped 5.7 percent in November to the highest monthly level on record.
Armstrong Projects Sales and Earnings
Lancaster, PA, Dec. 27--Armstrong World Industries, according to government filings, projected that its net sales will grow to $4.17 billion in 2007, following its projected emergence from Chapter 11 on July 1, 2003.
Existing Home Sales Slow
Washington, DC, Dec. 27--The market for existing single family home sales slipped from near record levels in November but are on track for a record year, according to the National Association of Realtors.
Pergo/Witex Merger Will Not Be Completed by Year-e
Trelleborg, Sweden, Dec. 30--Pergo's on-going negotiation concerning the merger between Pergo and Witex will not be completed before year end.