Consumer Sentiment Improves in May
New York, NY, June 2--Consumers' attitudes about the state of the U.S. economy improved at the end of May compared with April, according to a report released Friday.
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.
WestPoint Files for Bankruptcy Protection
West Point, GA, June 2--WestPoint Stevens Inc. filed for protection from its creditors in federal bankruptcy court, joining the raft of textile makers forced to restructure because of overseas competition and excessive debt.
DuPont Boosts Bid For DuPont Canada
Wilmington, DE, June 2-—E.I. DuPont de Nemours & Co. has increased its offer for the rest of DuPont Canada Inc. to C$21.75 a share from C$ 21.00.
Armstrong Gets OK for Chap 11 Disclosure Statement
Lancaster, PA, June 2--Armstrong World Industries on Friday received bankruptcy-court approval of the disclosure statement outlining terms of its Chapter 11 reorganization plan.
Lowe’s Takes the High Road
Charlotte, N.C. - May 30 - At Lowe’s annual shareholders meeting, company president Robert Niblock made it clear that the nation’s second largest home channel retailer does not mind pushing higher priced items in order to maintain a higher image in the mi
Construction Spending Dips 0.3 Percent
Washington, D.C., June 2--Spending on construction projects around the country slowed in April to the lowest level in four months as builders coped with the lackluster economic recovery.
Home Depot To Hold Annual Meeting In Chicago
Atlanta, GA, May 30--Home Depot will hold its annual meeting in Chicago, the first time in its history the gathering will take place outside metro Atlanta, according to the Atlanta Journal-Constitution.
Installation Firm Switches To Green Underlayment
Atlanta, GA, May 30--Atlanta-based Romanoff Floor Covering, one of America's largest flooring installation companies, and one of the largest flooring installation contractors for The Home Depot
Home Depot To Buy Back Shares, Invest In New Store
Atlanta, GA, May 30--Home Depot plans to repurchase up to $500 million of stock, citing its "strong cash position and stellar financial condition."
Scotty's To Close Two More Florida Stores
Lakeland, FL, May 30--Scotty's Inc. will close two more stores Saturday, including its North Lakeland outlet, to redevelop the properties for other retail businesses, the company announced Wednesday, according to the Lakeland Ledger.