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.
New York NY, July 11--Several major retailers, including J.C. Penney Co. and Target Corp., shaved their second quarter earnings outlook, as they reported slow sales growth in June, their second most important month.
San Francisco, CA, July 11--A bidder at an auction conducted in San Francisco Thursday night and on auctioneer eBay's Web site agreed to pay $250,000 to lunch with Warren Buffett, the world's second richest man.
Arlington, TX, July 11--Steve Wall, President and CEO of Choice Homes, one of the top 20 builders in the United States, announced Choice's expansion into New Braunfels, TX with the opening of North Park Meadows.
Marietta, GA, July 10--FloorExpo has announced the formation of Multi-Family Solutions, a brand which will be utilized under the FloorExpo umbrella to specifically target the multi family flooring market through a new division.
Manchester, NH, July 10--Vinnie Virga has joined Flooring America as its Senior Vice President, a newly created position.
Boston, MA, July 10--Looking to dominate the installed sales market, Lowe’s is rolling out a completely new strategy.
Washington, DC, July 10--Eleven companies that are negotiating some of the largest potential asbestos-exposure payouts to victims, would pay $15 billion less under an alternative plan in Congress to create a trust fund, according to a study by some victim
Danville, VA, July 10--Columbia Flooring announced the company would not be attending Surfaces 2004 in January.
Washington, DC, July 8--Consumers increased their debt balances in May, charging more to credit cards and automobile loans, the Federal Reserve said.
Charlotte, NC, July 8--Lehman Brothers Inc. said Lowe's Cos.' same-store sales have accelerated over the past several weeks, prompting the firm to boost its earnings forecasts for the second quarter, 2003 and 2004.