Walmart.com Looking To Grow
New York, NY, Oct. 30--Walmart.com CEO John Fleming says he doesn't want to be another Amazon.com, but he does want to stir things up at the online unit of the world's No. 1 retailer.
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.
Dixie Reschedules Earnings Release
Chattanooga, TN, Oct. 28--The Dixie Group, Inc. announced that it has rescheduled the date of its third quarter earnings release and analyst conference call.
Armstrong Seeks To Toss Bankruptcy Plan Objections
Lancaster, PA, Oct. 29--Two-thirds are down; the other third ought to go. So says Armstrong World Industries, as it deals with objections to its bankruptcy reorganization plan, according to the Lancaster New Era.
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.
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.
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.
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.
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.