Lowe's CFO: Plenty of Room to Grow
Boston, MA, July 15-- Because Lowe's Cos. and its largest competitor have just 22% of the home improvement market share, there is plenty of room for the company to grow, Chief Financial Officer Bob Hull said.
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.
Linens 'n Things Cuts Outlook
Clifton, NJ, July 14--Home decor retailer Linens 'n Things Inc. cut its second-quarter profit forecast, mainly hurt by a decline in store traffic in May.
Architectural Firm to Sponsor CFI Certification
Louisville, KY, July 14--Ross-Tarrant Architects is teaming up with the CFI to sponsor a local installer certification program on Sept. 17-18 at Southland Flooring Supplies in Louisville.
Shaw Living Expands Kathy Ireland Collection
Dalton, GA, July 14--At the Atlanta International Rug Market, Shaw Living is introducing impressive new additions to its best selling lines, Kathy Ireland Home Essentials and Kathy Ireland Home Gallery.
Retail Sales Drop 1.1% in June
Washington, DC, July 14--Retail sales reversed course in June, taking a surprisingly sharp drop as the auto sector showed considerable weakness.
Producers Hike Nylon Prices
New York, NY, July 14--Rising benzene prices are putting pressure on nylon margins, forcing producers to increase prices. BASF, Rhodia and Bayer have raised the price of nylon-6 and nylon-6/6 resins by around 5-10%.
FiberFloor a Success for Tarkett Residential
Whitehall PA, July 14--Since its debut in January 2004 at Surfaces, FiberFloor from Tarkett Residential has given consumers new reason to consider sheet flooring for their homes.
Solutia Explores Sale of Pharmaceutical Business
St. Louis, July 14--The European subsidiary of bankrupt chemicals concern Solutia Inc. has tapped an investment banking firm to help explore the possible sale of its pharmaceutical services business.
Mohawk Laminate Offers Unique Sound Reduction Prop
Dalton, GA, July 14--Mohawk's Harper's Mill laminate improves floor covering by borrowing ideas from the automotive industry.
Faus Intros New Transition System
Dalton, GA, July 14-- Faus Group, Inc. introduced the new Fastrim Multi-Transition System. The single SKU features five transitions.