Builder Confidence Surges
Washington, DC, Oct. 16--Builder confidence in the market for single-family homes surged in October to the highest level in almost four years, according to the National Association of Home Builders’ Housing Market Index.
Today's Flooring News
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ITW Reports Increase In Third Quarter EPS
Glenview, IL, Oct. 16--Illinois Tool Works Inc. today reported that 2003 third quarter income per diluted share from continuing operations increased 10%.
Sears' Profits Fall
Hoffman Estates, IL, Oct. 16--Sears, Roebuck and Co. posted higher same-store sales for the first time in more than two years, but third-quarter profits fell 22 percent on a whopping cost to overhaul its Great Indoors home decor stores.
Kmart Keeps Martha In New Ads
Troy, MI, Oct. 17--Discount retailer Kmart will launch its first new advertising campaign this weekend since emerging from bankruptcy, and style guru Martha Stewart's collection will get prominent play despite her high-profile legal woes.
Chas Sydney Takes On Additional Role At AmericasMa
Atlanta, GA, Oct. 17--AmericasMart gains additional momentum with the appointment of Chas Sydney as senior vice president of new business development for AMC, Inc., parent of AmericasMart.
Honeywell Nylon Restructures Its Operations
Richmond, VA, Oct. 15--Honeywell Nylon today announced the proposed undertaking of three simultaneous actions that would impact its nylon fiber manufacturing facility in Chesterfield County, VA.
Solutia To Restructure Debt
St. Louis, MO, Oct. 16--Solutia, Inc. today announced that it has initiated discussions with its bondholders concerning a restructuring of the company's debt and obligations.
Mohawk Celebrates 125th Anniversary
Dalton, GA, Oct. 16--Coca-Cola, Hershey’s, Disney, Moon Pie—brand names you know and love. The Mohawk brand is older than any of them.
Oregon Zoo Elephants Get Rubber Floor
Portland, Oct. 15--Elephants at the Oregon Zoo have a new bounce in their step, thanks to nearly 51-thousand dollars in federal grants.
Retail Sales Decline by 0.2 Percent
Washington, Oct. 15--Retail sales fell for the first time in five months in September, driven down by a decline in the auto sector. Retail sales declined 0.2%, the Commerce Department said Wednesday.