Retail Sales Rise
Washington, DC, Mar. 11--U.S. retail sales posted their biggest gain in three months during February, driven by strong demand for motor vehicles.
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.
Slow Job Gains to Hold Interest Rates, Help Home S
Washington, DC, Mar. 9--Even with strong economic growth, the job market recovery has been slow, which should help to keep pressure off of interest rates and sustain home sales, according to the National Association of Realtors.
Berkshire Hathaway/Shaw Have Good Year
Omaha, NE, Mar. 6--Berkshire Hathaway reported that fourth-quarter net income more than doubled.
Ulster Carpet Mills CEO to Step Down
Craigavon, Northern Ireland, Mar. 5—Mike Mills, chief executive of Ulster Carpet Mills, is stepping down after 15 years.
Armstrong Reports 4th Quarter Results
Lancaster, PA, Mar. 5--Armstrong Holdings, Inc. today reported fourth quarter 2003 net sales of $805.8 million that were 7.1% higher than fourth quarter net sales of $752.1 million in 2002.
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DuPont Clarifies Profit Outlook
Wilmington, DE, Mar. 4--Between 13 percent and 41 percent of the 2004 profit increase previously forecast by the DuPont Co. will result from an accounting adjustment related to the pending sale of Invista.
Home Depot Says Price Increases Have Neutral Effec
Orlando, FL, Mar. 3--Home Depot said on Tuesday it sees price increases in materials such as steel and lumber having no long-term effect on its business.
Kmart Asking Key Suppliers to Return $300M After R
Troy, MI, Mar. 1--Kmart Holding Corp. is asking suppliers who received about $300 million in preferential payments in its bankruptcy case two years ago to hand over the money they were given or potentially face a court battle.
Home Depot Has Record Quarter
Atlanta, GA, Feb. 24--The Home Depot today reported net earnings of $951 million ($0.42 per diluted share, up 40%) for the fourth quarter of fiscal 2003, compared with $686 million ($0.30 per diluted share) in the fourth quarter of fiscal 2002.