Armstrong to Reoccupy Lancaster Distribution Cente
Lancaster, PA, August 19--Armstrong World Industries' plan to expand and re-occupy a vacant distribution center at Dillerville Road and Manheim Pike won approval Wednesday from city planners.
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.
Anderson Taps Omni to Distribute Appalachian Floor
Clinton, SC, August 18--Anderson Hardwood Floors has appointed Omni Floorcoverings Ltd. of Mississauga, Ontario to distribute its Appalachian and selected other handcrafted flooring in Ontario.
Hardwood Flooring Shipments Maintain Healthy Pace
Memphis, TN, August 18--Hardwood flooring shipments for July 2005 were 42,903,000 square feet, a decline (4.8%) from the previous month’s shipments, but a significant increase (5.5%) compared to the same month of 2004.
4th Annual Anso Nylon National Carpet Sale Set for
Dalton, GA, August 17--The fourth annual Anso Nylon National Carpet Sale will begin on Sept. 1. and run through Oct. 15, 2005, with a record number of floor covering retail locations participating in the 2005 event.
Lear May Enter Bidding for Collins & Aikman
Detroit, MI, August 17--Southfield, Michigan-based Lear Corp. threw its hat in the ring becoming the player to make a bid for bankrupt auto-parts supplier Collins & Aikman Corp., joining bidder Plastech Engineered Products.
Builder Confidence Remains Strong
Washington, August 16--Builder confidence in the market for new single-family homes edged down somewhat in August but remained well within the elevated range that has characterized the past 17 months.
Home Depot 2Q Net Up 17%, Service Sector Grows 28%
Atlanta, GA, August 16--Home Depot reported second quarter net earnings of $1.8 billion, $0.82 per diluted share, up 17.1 percent. Analysts surveyed by Thomson Financial were expecting earnings of $0.79 a share
2Q State Existing-Home Sales Hit Record
Washington, DC, August 15--Total existing-home sales, which include single-family and condos, were at the highest pace on record in the second quarter, with 42 states showing higher sales in comparison with a year earlier.
Lowe's 2Q EPS Up 20.7%, Beats Estimates
Mooresville, NC, August 15--Lowe's reported net earnings of $838 million in the second quarter, a 19.7 percent increase over the same period a year ago. Diluted earnings per share increased 20.7 percent to $1.05 from $0.87 in the second quarter of 200
Shaw To Acquire SI's Carpet Backing Unit
Chattanooga, TN, August 12--Shaw Industries and SI Corporation announced today that a definitive agreement has been entered into whereby SI will sell Shaw its woven carpet backing operation in Chickamauga, Georgia.