Mohawk To Acquire Marazzi for $1.5 Billion
Calhoun, GA, Dec. 20, 2012 -- Mohawk Industries said it will acquire Italian tile maker Marazzi Group for $1.5 billion in cash and equity.
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.
Shaw Living Opens New Las Vegas Showroom
Dalton, GA, Dec. 21, 2012 -- Shaw Living has opened a new showroom at the World Market Center in Las Vegas.
Consumer Spending Up Most in Three Years
Washington, DC, Dec. 21, 2012 -- U.S. consumer spending increased in November by the most in three years, according to the Commerce Department.
Durable Goods Orders Rise Again in November
Washington, DC, Dec. 21, 2012 -- Durable goods orders increased in November for the sixth time in seven months, but at a slower pace, the Commerce Department said.
Mohawk Names National Retailers of Year
Dalton, GA, Dec. 21, 2012 -- Mohawk has named the recipients of its National Retailer of the Year awards, which recognizes the top-performing retailer for both its ColorCenter and Floorscapes aligned retailer programs.
Consumer Sentiment Declines in December
Ann Arbor, MI, Dec. 21, 2012 -- The final University of Michigan-Thomson Reuters consumer sentiment index fell in December to a reading of 72.9 from 82.7 in November.
Existing Home Sales Highest in Three Years
Washington, DC, Dec. 20, 2012 -- Home resales rose 5.9% in November to an annual rate of 5.04 million, the highest rate since November 2009, according to the National Association of Realtors.
Tile Maker Plan U.S. Headquarters in Tennessee
Loudon, TN, Dec. 20, 2012 -- Italian ceramic floor tile manufacturer Ceramica Del Conca said it plans to put a 320,000-square-foot manufacturing, research, showroom and administrative facility on a 30-acre site in Loudon.
Home Values Rise in 2012, First Since 2006
Seattle, WA, Dec. 20, 2012 -- Homes values rose an estimated 6% in the U.S. this year, according to listing service Zillow.
Third Quarter GDP Revised Higher
Washington, DC, Dec. 20, 2012 -- The U.S. economy grew faster in the third quarter than initial estimates, according to the Commerce Department.