US Hardwood Industry's Exports To China Growin
Shanghai, China, Oct. 29--U.S. hardwood sales to China are expected to increase "in the neighborhood of 25% to 30%" this year as the country's real estate boom continues.
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.
Sherwin-Williams Net Income Rises
Cleveland, OH, Oct. 28--Sherwin-Williams Co. saw an 8.1% increase in net income in the latest third quarter, on a 5.4% rise in consolidated net sales.
Home Depot Sued Over Ad Slogan
Atlanta, GA, Oct. 29--Sunshine Ace Hardware, an old-time hardware chain in southwest Florida that has seen Home Depot open several stores in its back yard, isn't backing away from its fight with Big Orange.
Customer Loyalty Study Pinpoints Service
Indianapolis, IN, Oct. 28--A national customer loyalty study by Indianapolis-based Walker Information has found that while 90 percent of consumers say they are satisfied with their retail store, fewer than half are truly loyal to that store.
Congoleum Finalizes Chap. 11 Plan
Mercerville, NJ, Oct. 27-Congoleum Corp. today announced that it has finalized documents relating to its pre-packaged Chapter 11 plan of reorganization.
Group Wants Pillowtex Plant
Kannapolis, NC, Oct 27--An investment group led by a Rowan County businessman plans to buy the vacant Pillowtex Plant 4 on South Main Street and may buy the company's shuttered Rockwell plant.
Forbo Reports Results through Third Quarter
Eglisau, Switzerland, Oct. 28--Forbo's business development picked up slightly in the third quarter.
Pergo Reports on First Nine Months
Trelleborg, Sweden, Oct. 27--In the first nine months of 2003, Pergo reported net sales of 2.07 billion Swedish Kronas (US $266.9 million), a decline of 4%, excluding currency effects, compared with the preceding year.
BP Posts Strong Earnings Gain
London, U.K., Oct. 27--BP said its profit rose 25% in the third quarter, boosted by higher crude-oil prices.
Vajpayee to Inaugurate World Conference on Handmad
New Delhi, India, Oct 27--(PTI) Indian Prime Minister Atal Bihari Vajpayee will inaugurate the first World conference on hand made rugs beginning November 4.