Armstrong Recycles
Lancaster, PA, Nov. 14--Armstrong World Industries has reclaimed 10 million square feet of discarded ceiling tiles as part of its ceiling recycling psrogram.
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.
Retail Sales Flat
Washington DC, Nov. 14--Retail sales were unchanged in October, as automobile sales dropped, according to the Commerce Department.
Collins & Aikman Corp. Posts Loss
Troy, MI, Nov. 14--Automotive supplier Collins & Aikman Corp. posted a widened loss in the third quarter, the result of restructuring costs.
Target's Earnings Up
Minneapolis, MN, Nov. 14--Target Corp. had higher earnings in the third quarter, the result of positive results for its Target discount unit, which made up for sluggish sales at its Marshall Field's and Mervyn's department stores.
Lowe's to launch Pergo Collection
Trelleborg, Sweden, Nov. 13--Pergo and Lowe's have made plans to roll out a customized collection of Pergo laminate flooring in the U.S. early next year.
Congoleum 3rd Qtr. Earnings Off 50%
MERCERVILLE, N.J., Nov. 14--Congoleum Corp. in the third quarter reported net income that was off 50 percent to $600,000 or $0.07 per share, versus $1.2 million or $0.14 per share in the same quarter of prior year.
Pergo and Witex Sign Letter of Intent
Trelleborg, Sweden, Nov. 12--Pergo AB and the mainshareholder of Witex AG, HW Industries GmbH & Co. KG, have signed a letter of intent concerning a merger between Pergo and Witex.
Wal-Mart Sales Target On Track
Bentonville, AR, Nov. 11‹Wal-Mart Stores said it¹s on track to meet its November sales growth target of 2% to 4% after results for the first week came in on plan.
Armstrong Reports 3rd Quarter Results
Lancaster, PA, Nov. 8--Armstrong Holdings, had third quarter net sales of $846.0 million, compared to $804.9 million in the same period a year ago, an increase of 5.1%.
Armstrong's Reorganization Boosts Asbestos Exp
Lancaster, PA Nov. 12-- Armstrong World Industries will record a charge of more than $2.4 billion to increase liabilities subject to compromise if its proposed reorganization plan is approved and becomes effective.