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.
St. Louis, MO, December 9--For the first time ever, FlooringKnowledge.com and Flooring America have partnered to conduct a flooring industry survey that will gather first-hand information on the status of flooring retailers today.
Red Bank, NJ, December 8—Homebuilder Hovnanian Enterprises reported fourth-quarter earnings that rose 47 percent despite lowered expectations due to severe weather in California that delayed home construction.
London, England, December 8--Low & Bonar announces the acquisition of the entire issued share capital of LCM Construction Products Ltd (trading as Adfil) for a consideration of up to £12.8 million in cash.
Washington, DC, December 8--Consumers took on more debt in October, the Federal Reserve said.
Morristown, TN, December 8--Armstrong Cabinets will discontinue production of cabinet products at its facility in Morristown beginning in February 2005, according to the Morristown Citizen Tribune.
Mooresville, NC, December 8--Lowe's Chief Executive and Chairman Robert Tillman will retire from his positions Jan. 28 and will be succeeded by President Robert Niblock, according to the company's quarterly report.
Vancouver, WA, December 8--The Institute of Inspection, Cleaning and Restoration Certification (www.IICRC.org) elected its 2005 Executive Committee during its Board of Directors’ meeting on November 8.
Denver, CO, December 8--The M&A Advisor announced that Thomas Industries, LLC, a company formed by JD Ford & Company, has been selected as one of the three finalists for the "Manufacturing Industry Deal Maker of the Year."
New York, December 7-- Smith Barney said on Monday that Vornado Realty Trust could team with a private equity firm or retailer to bid for Sears, scuttling the department store's $10.6 billion planned purchase by Kmart.
Washington, DC, NY, December 7--Retail chain store sales declined by 1.7 percent for the week ending December 4, according to the International Council of Shopping Centers (ICSC)-UBS Weekly Chain Store Sales Index released Tuesday.