Lowe’s Won’t Cut Expansion
Wilkesboro, NC, Apr. 3--Lowe's Cos. hasn't seen anything in the U.S. housing market that would cause it to pull back on its plans to open 130 stores this year, according to company executives.
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.
Berkshire Hathaway to Buy Home Builder
Omaha, NE, April 2—Berkshire Hathaway has agreed to buy modular home builder Clayton Homes Inc. for $1.7 billion in cash.
Solutia Shows Loss
St. Louis, MO, Apr. 24--Solutia Inc. had a first quarter loss from continuing operations of $17 million, or $0.16 per share, on net sales of $596 million.
GE Consumer Finance, Lowe's Sign Credit Deal
Stamford, CT, April 22--GE Consumer Finance has signed a seven-year extension of its agreement with Lowe's Companies, Inc., to continue to provide private label credit card services for the home improvement retailer's consumer and commercial custo
Georgia And North Carolina Vie For New Pergo Facil
Garner, NC, April 21--Industrial recruiters in Georgia and North Carolina are competing for a $36 million Pergo expansion, according to the Raleigh News Observer.
Honeywell’s Sales Up
Morris Township, NJ, Apr. 17—Honeywell’s first quarter earnings per share before the cumulative effect of the required implementation of Statement of Financial Accounting Standards No. 143 (SFAS 143) were $0.32 per share, in line with prior earnings guida
Mohawk’s Earnings Down
Calhoun, GA, Apr. 17--Mohawk Industries, Inc. had net earnings of $41.64 million and diluted earnings per share (EPS) of $0.62 per share for the first quarter. This compares to $43.21 million in net earnings and EPS of $0.77 for the same period a year ago
Dixie Sales Lower Than Expected
Chattanooga, TN, Apr. 10—The Dixie Group, announced that its first quarter results would be adversely affected by lower-than-expected sales volume and higher costs.
Kmart Names New Board of Directors
Troy, MI, Apr. 2--Kmart Corp. investors, creditors and lenders have elected an entirely new board of directors to lead the discount retailer when it exits bankruptcy protection.
Flooring Sales at Lowe’s Up Last Year
Wilkesboro, NC, Apr. 17—Flooring was the fastest growing product category at Lowe’s last year, based on percentage change, and it was the second fastest behind appliances based on dollar sales