Costco Expects to Miss Expectations
Issaquah, WA, April 22--Costco Wholesale said it expects third quarter and full year earnings will be below Wall Street expectations.
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.
E-Commerce Growth to Outpace Total Retail Spending
New York, NY, April 25--E-commerce revenues jumped more than 25% last year, and annual gains look to continue to run in the healthy double-digit range through 2008, according to eMarketer estimates.
Armstrong’s Lancaster Plant Shifting to Residentia
Lancaster, PA, April 21--Armstrong, according to the Lancaster New Era, has begun converting the residential flooring section of its Lancaster plant into the only section of the plant.
Environmentalists Say Chinese Merchants Still Smug
Beijing, China, April 22--The forests of Zhangjiagang are horizontal: tens of thousands of felled, stripped trees lying on the quayside of China's biggest timber port.
Interface and Partner Create the CARPETree
Sao Paulo, Brazil, April 22--Interface Flooring Systems has contracted with Florestas do Futuro (Forests of the Future) to create CARPETree, a reforestation program.
Weyerhaeuser 1Q Earnings Nearly Double
Federal Way, WA, April 22--Weyerhaeuser reported first-quarter earnings that nearly doubled on higher sales and fewer legal and restructuring costs.
Leggett & Platt 1Q Earning Up 16% Percent
Carthage, MO, April 21--Leggett & Platt reported first quarter earnings that were up 16 percent.
Specter to Hold Asbestos Hearings
Washington, DC, April 22--Senate Judiciary Committee Chairman Arlen Specter said Thursday he will hold a hearing next Tuesday on asbestos legislation.
Q.E.P. Postpones Releasing 4Q & Fiscal 2005 Finan
Boca Raton, FL, April 21—-Toolmaker Q.E.P. said this morning that it will postpone its fiscal 2005 fourth quarter and full year financial release scheduled for Friday, April 22, 2005.
Sherwin-Williams 1Q Earnings Up
Cleveland, OH, April 21—-Paint maker and retailer Sherwin-Williams in the first quarter reported earnings of $83.2 million, or $0.58 per a share.