Today's Flooring News

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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 4th Quarter Net Earnings Up

Mooresville, NC, Feb. 23--Lowe’s Companies today reported net earnings of $407 million for the quarter ended January 30, 2004, a 27.6 percent increase over the same period a year ago.

Consumer Prices Rise

Washington, DC, Feb. 20--Consumer prices grew in January at the fastest pace in nearly a year.

Survey Shows Economic Growth

New York, NY, Feb. 19--Corporate profits, stock prices and the U.S. economy are all expected to steadily improve in 2004, but corporate leaders remain cautious.

The Dixie Group Posts Loss

Chattanooga, TN, Feb. 17--The Dixie Group reported a loss from continuing operations of $11.7 million, or $0.99 per diluted share, for the fourth quarter ended December 27, 2003.

Kmart Sues Martha Stewart Living

Troy, MI, Feb. 13--Kmart Holding Corp.on Friday said it had sued Martha Stewart Living Omnimedia Inc. claiming the home furnishings maker "double-counted" the royalties it is owed.

Witex Names Siemerling President & CEO

Kennesaw, GA, Feb. 13--Witex is very pleased to announce that Hartwig Siemerling, former COO for the company, has accepted the position of President, CEO and Board Member.

Retail Sales Fall 0.3%

Washington, DC, Feb. 12--Retail sales fell unexpectedly in January as auto demand suffered the sharpest drop in 11 months.

Foamex Names New Chairman

Linwood, PA, Feb. 11--Foamex International Inc. announced that Raymond E. Mabus, Jr. has been elected as non-executive Chairman of the Board, effective immediately.

Koch to Base Parts of Invista in Wichita

Witchita, KS, Feb. 10--Koch Industries Inc. is planning to bring world headquarters for its new Invista business to Wichita, according a report in the Topeka The Capital-Journal. The newspaper cited an internal Koch memo.