Study: Luxury Segment of Economy Hits $525B in 200
New York, NY, January 28--The "New Luxury" phenomenon has become such a defining force in the consumer economy that it represented approximately $525 billion in sales in the U.S. in 2004.
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 Clarifies Updated 2004 Expectatio
Cleveland, OH, January 24--The Sherwin-Williams Co., due to a number of investor inquiries, is clarifying its previous press release of January 19, 2005 in which the company updated its expectations for the fourth quarter and year 2004 which were last ann
Salt Lake City Salvage Firm Succeeds in Recycling
Salt Lake City, Utah, January 25--Metro Waste: The company is able to salvage about 55 percent of what comes in from projects such as the Capitol renovation
Porcelanosa Forms New Subsidiary
Villarreal, Spain, January 24--Spanish ceramic floor and wall tile manufacturer Porcelanosa is setting up a new subsidiary which will specialize in the production of bottom-of-the-range red-paste tiles.
Lanxess Spin-off Date Set
Leverkusen, Germany, January 24--Lanxess, the chemical spin-off from Bayer, is to begin trading on the Frankfurt stock exchange on 31 Jan 2005. One Lanxess share will be allocated for every 10 shares in Bayer AG.
Project Studying College Use of Armstrong Plant Re
Lancaster, PA, January 24--A study to explore how Franklin & Marshall College might re-use most of the Armstrong World Industries floor plant has gotten the state's support, according to the Lancaster New Era.
Canadian Retail Sales Flat in November
Ottawa, Quebec, January 24-—Retail sales in Canada remained essentially unchanged in November (-0.1%) at $29.5 billion, as declines in half of all retail sectors offset gains in the other half.
Tax Relief Tops Small Business Concerns
New York, January 28--More than one-quarter (26%) of small business owners identified tax relief as the most pressing issue the new Congress and the President should address, according to the Small Business Monitor by OPEN from American Express.
Shaw’s Phase II Couture Features Anso Caress
Las Vegas, NV, January 25--Anso Caress nylon from Honeywell will be featured in 19 designer-styled products available in the first quarter of 2005 for the phase II launch of Shaw’s “Couture” collection.
Michigan Retailer Expands Operations
Macomb County, MI, January 24--A Clinton Township flooring retailer has doubled its operations.