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 York, NY, May 15--Wall Street expects Home Depot Inc. and Lowe's Cos. next week to report higher first-quarter earnings in line with forecasts, even though bad weather and the war in Iraq kept many do-it- yourselfers away from stores.
Cincinnati, OH, May 16--McSwain Carpets has purchased McSwain Hardwood Flooring Co. for an undisclosed amount. The combined company will operate under the McSwain Carpets name, according the Cincinnati Business Courier.
Washington, DC, May 14--Low mortgage interest rates and a strong underlying demand for housing drove total state existing-home sales to a new record in the first quarter of 2003.
Mercerville, NJ, May 14--Congoleum Corporation reported its financial results for the first quarter ended March 31, 2003.
Cincinnati, OH, May 15--Federated Department Stores Inc. said that first-quarter profits fell 48 percent, but those earnings exceeded analysts' expectations because store-closing costs were lower than expected.
New York, NY, May 14--Pillowtex Corp., maker of Cannon, Fieldcrest and Royal Velvet blankets and towels, said it is reviewing its 2002 financial statements and might report an additional $2 million loss.
Atlanta, May 14--As Home Depot looks to attract more female customers, women executives are having a greater say in merchandise changes and floor displays.
Detroit, MI, May 14-- DuPont Textiles & Interiors (DTI) unveiled its 2003 DuPont Altara style collection today at the Auto Interiors Show in Detroit, Michigan.
Washington, May 15--Wholesale prices took a record plunge last month and the nation's manufacturing sector slumped, according to reports released on Thursday that showed an economy facing an uphill climb to full health.
Lancaster, PA, May 14--Armstrong World Industries Inc. is balking at paying another $2.5 million to the developer of its Web site, saying the developer's work was late, incomplete and defective, according to the Lancaster New Era.