Canadian Retail Sales Off 1.3%
Ottawa, Ontario, July 22—-Retail sales in Canada were off 1.3 percent in May, according to Statistics Canada. The drop was the result, to a great extent, of weak automobile sales.
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.
Sherwin-Williams 2Q Earnings Up 21%
Cleveland, OH, July 22--Sherwin-Williams posted a 21% increase in second-quarter earnings, reflecting same-store sales, acquisitions, and improvements in the auto-finishing business.
Tricycle Wins Inaugural Innovation in Technology A
Chattanooga, TN, July 22--Tricycle, Inc. won the first-ever Innovation in Technology award from the Chattanooga Technology Council yesterday, presented at the Kruesi Spirit of Innovation Awards.
Weyerhaeuser Q2 Earnings Up 14%
Federal Way, WA, July 21--Weyerhaeuser reported second-quarter profit rose 14 percent, helped by a gain on the sale of its British Columbia operations, but forecast lower third-quarter earnings due to seasonal shutdowns.
Leggett & Platt Posts Record Earnings, Misses Esti
Carthage-Mo, July 22--Leggett & Platt Inc. turned in record earnings in the second-quarter, but sales fell short of expectations.
Self-Cleaning Technology Fights Affects of Smog
Stockholm, Sweden, July 22--From catalytic converters to alternative fuels, the fight against big-city smog has for years been fought inside combustion engines and exhaust pipes.
RoomStore Bids for 50 Rhodes Stores
Richmond, VA, July 21--RoomStore, which emerged from bankruptcy court protection last month, bid this week to buy 50 of the 65 stores operated by Atlanta-based Rhodes for $38.8 million.
Supra Floors Launches Sub Floor for Concrete
Rexdale, Ontario, July 21—Supra Floors has launched Subflor Supreme, which it calls the first, all-in-one flooring for concrete.
Homebuilder D.R. Horton 3Q Earnings Up 48%
Fort Worth, July 21--D.R. Horton Inc. reported third quarter earnings that rose 48 percent, with sales of nearly 15,000 homes setting an industry record.
Lowe's to Expand Statesville, NC Distribution
Mooresville, NC, July 21--Lowe's will expand its regional distribution center in Statesville, N.C.