Analysts Predict Great Year For Online Shopping
Baltimore, MD, Dec. 5--Internet shopping--a fast-growing phenomenon but still a sliver of total retailing--may be seeing a breakthrough this holiday shopping season.
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.
Leading Retailers Report Mixed Sales
New York, NY, Dec. 5--Hopes for a robust holiday shopping season faded Thursday after the nation's retailers reported mixed results for the Thanksgiving weekend and all of November.
Home Depot Expands Bath Styles, Price Ranges
Atlanta, GA, Dec. 4--Home Depot thinks that Americans are ready to spend more on their bathrooms, so the retailer is packing its store aisles with $1,000 whirlpools and higher-priced sinks.
Shaw Announces New Environmental Policy
Dalton, GA, Dec. 4--Shaw Industries Inc. has adopted an unprecedented new environmental policy, committing the company's carpet manufacturing processes to follow nature's organic cycle of renewal.
Monsanto: Solutia Remains Obligated Under Distribu
St. Louis, Dec 04--Solutia Inc. has notified Pharmacia Corporation and Monsanto Company that it will not be making approximately $3 million of payments in connection with settlements entered into earlier this year relating to asbestos litigation in Texas.
Wal-Mart's Same Store Sales Up
Bentonville, AR, Dec. 4--Wal-Mart Stores' November same store sales rose 3.9%, even with Wall Street's estimate, but comparable sales growth at both the Wal-Mart and Sam's divisions wasn't as strong as expected.
Rumors Of Home Depot Buy Kingfisher Resurface
Atlanta, GA, Dec. 3--Recurrent rumors resurfaced Tuesday that Home Depot is interested in acquiring London-based home improvement retailer Kingfisher PLC, and the speculation fueled a rise in Kingfisher's stock.
Home Depot To Acquire Maintenance Supplier
Atlanta, Dec 2--The Home Depot (NYSE: HD) announced that it has entered into an agreement to acquire Economy Maintenance Supply Company ("EMS").
Mitsubishi Rayon to Focus on Carpet Tile
Tokyo, Dec 3--Mitsubishi Rayon Co. has decided to withdraw from the roll carpet and artificial turf businesses and focus all its carpet resources on self-adhesive tile carpets.
Old Wood Gets Recycled in North Carolina
Scotland Neck, NC, Dec. 3--The old country church had been turned into a storage shed, then given over to snakes, spiders and pigeon waste, according to the NewsObserver.com