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.
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.
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.
Trelleborg, Sweden, Dec. 30--Pergo's on-going negotiation concerning the merger between Pergo and Witex will not be completed before year end.
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.
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.
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
Wilkesboro, NC, Jan. 2--Lowe's Companies has reconfirmed its sales and earnings expectations for the fiscal fourth quarter and year.
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.
New York, NY, Dec. 19--Moody's Investors Service downgraded the ratings of Congoleum Corporation because of mounting asbestos claims, the apparent exhaustion of its primary insurance coverage, and a temporary delay in the attachment of its excess laye
Washington, DC, Dec. 24--Orders to U.S. factories for big ticket goods fell 1.4% in November, handing a setback to the nation's manufacturers, which have been struggling to get back on their feet after being knocked down by last year's recession.