Color Tile to Expand
Kennesaw, GA, Dec. 27--CarpetsPlus plans to expand its recently acquired Color Tile brand to 450 stores by the end of 2003.
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.
New Home Sales Hit Record High
Washington, Dec. 27--New-home sales jumped 5.7 percent in November to the highest monthly level on record.
Armstrong Projects Sales and Earnings
Lancaster, PA, Dec. 27--Armstrong World Industries, according to government filings, projected that its net sales will grow to $4.17 billion in 2007, following its projected emergence from Chapter 11 on July 1, 2003.
Existing Home Sales Slow
Washington, DC, Dec. 27--The market for existing single family home sales slipped from near record levels in November but are on track for a record year, according to the National Association of Realtors.
Pergo/Witex Merger Will Not Be Completed by Year-e
Trelleborg, Sweden, Dec. 30--Pergo's on-going negotiation concerning the merger between Pergo and Witex will not be completed before year end.
Wal-Mart Trims Its Dec. Sales Guidance
Bentonville, AR, Dec. 26-—Wal-Mart lowered its December sales forecast saying it now expects same-store sales to increase from two percent to three percent for the five week period ending Jan. 3.
Construction Spending Rises
Washington, DC, Jan. 3--Construction spending rose by 0.3% in November, helped by record activity in the housing market, according to the Commerce Department.
Home Depot's Downgrades Earnings Estimate...
Atlanta, GA, Jan. 3--Slow sales during the holiday season have led Home Depot to lower its earnings estimates for its fiscal year ending in February. The firm now expects earnings of between $1.53 and $1.55 a share--well below the $1.57 a share forecast b
While Lowe's Expects Estimates to Be on Target
Wilkesboro, NC, Jan. 2--Lowe's Companies has reconfirmed its sales and earnings expectations for the fiscal fourth quarter and year.
Wood Flooring Industry Striving For Greener Harves
St. Louis, MO, Dec. 31--Contrary to popular belief, the commercial forests of the present day U.S. are twice as prosperous as those in the 1960s.