Tandus Redefines Market Strategy
Dalton, GA, Dec. 9--Tandus Group has made fundamental changes to its strategy for bringing to market its specialized floorcovering brands--C&A Floorcoverings (C&A), Crossley Carpet Mills and Monterey Carpets.
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.
Marley Sells Automotive Carpet Unit
Durban, South Africa, Dec. 9--Automotive component group Feltex, has acquired the automotive carpet unit of Marley for an undisclosed sum.
Revenues Up For Tandus
Dalton, GA, Dec. 10--Tandus Group, Inc., which includes Collins & Aikman Floorcoverings, had third quarter revenues of $84.3 million compared to $82.4 million for the same period a year ago.
Canadian Lumber Tariff Hurts Consumers, Group Clai
Washington, D.C., December 6, 2002--American Consumers for Affordable Homes (ACAH) today called on the U.S. International Trade Commission (ITC) to focus on how trade distorting measures, particularly the 27% duties recently imposed on Canadian lumber imp
Armstrong Teams With Xign Payment Sevices
Pleasanton, CA, Dec. 9--Armstrong World Industries has selected the Xign Payment Services Network to automate its paper based accounts payable processes.
Home Depot Posts Third Quarter Net Gains
Atlanta, GA, Dec. 6, 2002--Home Depot’s net sales for the third quarter of fiscal 2002 increased 8.9% to $14.5 billion from $13.3 billion for the third quarter of fiscal 2001.
Unemployment Rate Surges In November
Washington, D.C., Dec. 6, 2002--The nation's unemployment rate unexpectedly shot up to 6% in November, the highest level since a peak almost nine years ago when the country was struggling to emerge from the last recession.
Mortgage Rates Move Higher For Third Week
Washington, D.C., Dec. 6, 2002--Mortgage rates around the country moved up for the third week in a row, with rates on 30-year mortgages climbing to their highest level since late October.
Home Depot To Combine Two Operating Divisions
Atlanta, GA, Dec. 5, 2002--Home Depot, streamlining operations to compete better with Lowe's, said it would combine two regional store divisions.
Sears’ November Same Store Sales Drop 10.9%
Hoffman Estates, IL, Dec. 5, 2002--Sears, Roebuck and Co., the fourth largest U.S. retailer, on Thursday posted a 10.9% drop in November sales at U.S. stores open at least one year.