Lowe's Names New President
Wilkesboro, NC, Jan. 31--Lowe's Cos. has promoted Robert Niblock, the firm’s chief financial officer, to president effective March 1.
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.
Pergo and Witex Agree On Merger
Trelleborg, Sweden, Jan. 28—As previously reported, Pergo AB and HW Industries GmbH, the main stockholder of Witex AG, have been conducting ongoing discussions concerning a merger between Pergo and Witex. Negotiations have been concluded and the parties
Consumer Confidence Down
New York, NY, Jan. 29--The Conference Board's Consumer Confidence Index dipped nearly two points in January. The Index now stands at 79.0, down from 80.7 in December. The Expectations Index declined to 81.4 from 88.1, while the Present Situation Index
Home Depot Consolidates Divisions
Atlanta, GA, Jan 29--Home Depot is consolidating two regional divisions that serve stores on the East Coast. The firm will merge its New England division, which includes stores from New York to Maine, into its Eastern division, which includes stores from
John Gallo Passes Away
Atlanta, GA, Jan. 27--John Gallo, senior vice president of manufacturing for Amtico International and a member of its board of directors, died suddenly on January 24 while on a trip to the U.K. Cause of death was not immediately known.
Durable Goods Orders Up
Washington, DC, Jan. 28--Orders to U.S. factories for big ticket goods edged up in December but still suggested that the nation's battered manufacturing sector isn't out of the woods.
Armstrong Revamps Flooring Products Management
Lancaster, PA, Jan. 28--Armstrong Worldwide Flooring Products has restructured its management team, capping a number of strategic changes the company has made over the past 18 months. The revamped management team continues to be led by president Chan Galb
December Existing Home Sales Up
Washington, DC, Jan. 27--Sales of existing single family homes rose in December while 2002 set a new annual record, according to the National Association of Realtors.
DuPont Profits Lower In Fourth Quarter
Wilmington, DE, Jan. 28--DuPont Co. had a sharp drop in fourth quarter profit on depressed chemical demand and higher energy costs. The company is seeing "modest growth" in many of its businesses, but still expects first quarter earnings before one time i
Martha Will Stay
New York, NY, Jan. 27--Martha Stewart, in her first public comments in months about the probe into the sale of her stake in ImClone Systems, told the New Yorker magazine she has no plans to leave her company.