Consumer Confidence Rising
New York, NY, Nov. 18--Consumer confidence in the economy surged this month from its depressed levels in October, according to a report by the University of Michigan.
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.
Lowe's Has Good Quarter
Wilkesboro, NC, Nov. 18--Lowe's Cos. had a 35% increase in third quarter profit, fueled by a strong housing market and its expansion to major U.S. metropolitan markets.
Congoleum's Sales Up
Mercerville, NJ, Nov. 14ÐCongoleum Corporation1s sales for the third quarter ended September 30 were $57.7 million, compared with sales of $56.7 million reported in the same period a year ago,
Foamex Reports Loss
Linwood, PA, Nov. 18--Foamex International posted net sales of $340.8 million in the third quarter, an increase of 4.5% from $326.2 million in the same period a year ago. $326.2 million in the same period a year ago.
Martha's Woes Hurt Company
New York, NY, Nov. 15--The insider trading scandal engulfing Martha Stewart is hurting nearly every aspect of business at her namesake company, according to the firm.
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.
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.