Collins & Aikman's CFO Steps Down
Dalton, GA, Feb. 6--Collins & Aikman Floorcoverings, Inc. a Tandus company, today announced that Darrel V. McCay is leaving his positions as Vice President, Chief Financial Officer, and Secretary of C&A.
Today's Flooring News
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Unemployment Rate Drops to 5.6%
Washington, DC, Feb. 6--Payrolls grew in January at the fastest clip in three years but fell short of expectations.
Sherwin-Williams' Earnings Up
Cleveland, OH, Feb. 5--Sherwin-Williams Co.'s fourth-quarter earnings rose 24 percent, aided by improved sales overseas and at its U.S. paint stores.
Worker Productivity Slowed at Year End
Washington, DC, Feb. 5--The productivity of American workers slowed in the fourth quarter.
Linens 'n Things Quarterly Profit Up
Clifton, NJ, Feb. 4--Linens 'n Things Inc. on Wednesday said quarterly profit rose nearly 15 percent.
Major Retailers Report Strong January Sales
New York, NY, Feb. 5--Record-breaking cold temperatures and clearance sales helped lift January sales above expectations for many of the nation's retailers.
Condo Sales Break Annual Record
Washington, DC, Feb. 4--Sales of existing condominiums and cooperatives surged to another annual record in 2003.
Interface Announces Closing of Debt Refinancing
Atlanta, GA, Feb. 4--Interface, Inc. today announced the closing of its private offering of $135 million aggregate principal amount of 9 1/2% senior subordinated notes.
AmericasMart Receives Think Big Award
Atlanta, February, 5--AmericasMart has been awarded Nebraska Furniture Mart’s inaugural Think Big Award according to Jeffrey L. Portman, president of AmericasMart parent AMC, Inc.
Formica Retirees Plan to Fight Cut
Cincinnati, OH, Feb. 5--Retirees of Formica Corp. are mobilizing to fight a company decision to reduce a portion of their pensions.