FLOR opens fifth retail location
FLOR Inc., a retail chain offering design-it-yourself modular floor coverings, has opened its fifth retail location in Dallas. Other stores are located in Chicago; Santa Monica, Calif.; Atlanta; and the SoHo district of New York City.
Visitors to the FLOR stores can choose from a full range of colors, patterns and textures available in FLOR’s system of 19.7-in. carpet squares. Customers are invited to mix and match styles to create custom rugs, runners and wall-to-wall designs of any length, size or shape. For those desiring more assistance, stores have design consultants to help choose styles, coordinate colors and answer questions on care or assembly. Customers may also take advantage of FLOR’s in-home consultations and professional installation services.
Founded in 2003 as part of the Interface Corp., the Chicago-based company also operates a recycling program for old or unwanted carpet squares.
Sherwin-Williams reports Q2 sales increase
Cleveland-based Sherwin-Williams has reported second-quarter net income of $179.1 million, down 1.4% from $181.7 million in the same quarter of 2010. Net sales for the second quarter ended June 30 totaled $2.36 billion, up 10% from $2.14 billion in the year-ago period.
Net income for the first six months of 2011 was $247.4 million, up 15% from $214.3 million in the same period of 2010. Net sales for this six-month period totaled $4.21 billion, up 13% from $3.71 billion in the year-ago period.
Net sales in the Paint Stores Group increased 4.3% to $1.30 billion in the quarter and 6.3% to $2.23 billion in the first six months of 2011. The company cited selling price increases and improving domestic architectural paint sales to DIY and residential repaint customers for the increase.
Net sales of the Consumer Group decreased 8.4% to $375.6 million in the quarter and decreased 4.5% to $670.6 million in the six months.
Net sales in the Global Finishes Group increased 39.5% to $678.9 million in the quarter and increased 44.2% to $1.31 billion in the six-month period.
“Earnings in the quarter were at the low end of our guidance range due to high raw material costs versus the timing of our price increases,” said Christopher Connor, chairman and CEO. “Although domestic demand remains soft, we continue to invest in selling, general and administrative expenses to maintain customer service and are encouraged by the improvement in domestic DIY and protective and marine sales in the Paint Stores Group.
“For the third quarter, we anticipate our consolidated net sales will increase 10% to 15% compared with last year’s third quarter,” Connor added. “For the full year 2011, we expect consolidated net sales to increase above 2010 levels by a high single digit to low teen percentage.”
Nexxus Lighting awarded two LED patents
Nexxus Lighting Inc. has obtained two U.S. patents on Light Emitting Diode (LED) technology, the company has announced.
US Patent Number 7,974,099 represents the company’s Selective Heat Sink (SHS) process around which it has designed its Array LED replacement lamps and bulbs.
US Patent Number 7,960,921 allows the LED light source to sense ambient thermal changes and adjust current levels and light output to maintain proper thermal performance of the product.
With the issuance of these new patents, Nexxus Lighting said it now holds 37 issued U.S. and foreign patents and 30 patent applications pending related to its Array Lighting and Lumificient product offering.
In addition, the company announced the registration of its Array trademark with the U.S. Patent and Trademark Office. The Array brand, which is sold to both commercial and residential customers, is available at more than 1,100 Lowe’s stores across the United States.