Sherwin-Williams Profit Up
Cleveland, OH, Feb. 6--Sherwin-Williams’ fourth quarter profits rose 25.7%, boosted by sales of paint to do-it-yourselfers and by cost cuts.
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.
Unemployment Rate Drops
Washington, DC, Feb. 7--The nation's unemployment rate dropped to 5.7% in January as businesses added 143,000 new jobs, some good news for an ailing economy.
Frierson Named to Louisiana-Pacific Board
Portland, OR, Feb. 5--Daniel K. Frierson, chairman & chief executive officer of The Dixie Group, has been elected to Louisiana-Pacific's board of directors, effective February 1.
Lowe’s To Build Florida Warehouse
Wilkesboro, NC, Feb. 4--Lowe's Home Improvement Warehouse plans to construct a new, state-of-the-art regional distribution center (RDC) in Osceola County, Florida.
Manufacturing Sector Keeps Growing
New York, NY, Feb. 4—For the third straight month, the nation's manufacturing sector grew, though at a slower pace, as worries about a war with Iraq dampened optimism.
Victoria Partners with Elite Carpets
London, England, Feb. 4--The Victoria P.L.C. announced the formation of a new business relationship in Canada, acquiring all of the shares it did not own in the Canadian company, Colin Campbell & Sons Limited.
Construction Spending Up
Washington, DC, Feb. 3--Construction spending jumped 1.2% in December.
Foamex Names New CFO
Linwood, PA, Feb. 4--Foamex International has named K. Douglas Ralph executive vice president and chief financial officer, effective immediately.
Consumer Spending Up
Washington, DC, Jan. 31—Consumers increased their spending in December by 0.9%, the largest increase in five months, giving the struggling economic recovery a helping hand. The increase came after a 0.4% advance in November and marked the biggest increase
Interceramic Has Record Year
Chihuahua, Mexico, Jan. 31—Interceramic posted another record year with sales topping $300 million, a 4.15% increase from $288 million a year ago. Increased operating expense incurred to support that sales growth took a bite out of the firm’s operating ma