Today's Flooring News

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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.

Manufacturing Activity Grows

New York, NY, Jan. 2--Manufacturing activity expanded strongly in December, the first growth in four months, but it is unclear if that momentum can be sustained, according to the Institiute for Supply Management.

Color Tile to Expand

Kennesaw, GA, Dec. 27--CarpetsPlus plans to expand its recently acquired Color Tile brand to 450 stores by the end of 2003.

Armstrong Projects Sales and Earnings

Lancaster, PA, Dec. 27--Armstrong World Industries, according to government filings, projected that its net sales will grow to $4.17 billion in 2007, following its projected emergence from Chapter 11 on July 1, 2003.

Existing Home Sales Slow

Washington, DC, Dec. 27--The market for existing single family home sales slipped from near record levels in November but are on track for a record year, according to the National Association of Realtors.

Wal-Mart Trims Its Dec. Sales Guidance

Bentonville, AR, Dec. 26-—Wal-Mart lowered its December sales forecast saying it now expects same-store sales to increase from two percent to three percent for the five week period ending Jan. 3.

Construction Spending Rises

Washington, DC, Jan. 3--Construction spending rose by 0.3% in November, helped by record activity in the housing market, according to the Commerce Department.

Home Depot's Downgrades Earnings Estimate...

Atlanta, GA, Jan. 3--Slow sales during the holiday season have led Home Depot to lower its earnings estimates for its fiscal year ending in February. The firm now expects earnings of between $1.53 and $1.55 a share--well below the $1.57 a share forecast b