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.
Fort Worth, TX, February 7, 2008--D.R. Horton Inc. said Thursday it posted to a loss in its fiscal first quarter, due to substantial charges to write off inventory and land values. The nation's largest homebuilder lost $128.8 million in the quarter.
Washington, DC, February 7, 2008—Pending U.S. home sales fell 1.5 percent in December.
St. Louis, MO, February 6, 2008--Solutia Inc. filed a complaint in the U.S. Bankruptcy Court for the Southern District of New York against the three banks that had agreed to provide $2 billion in exit financing.
Washington, DC, February 7, 2008—First time jobless claims dropped by 22,000 in the week ended Feb. 2, reversing the trend from the previous week.
New York, NY, February 7, 2008--The decrease in consumer spending at the end of last year has apparently continued into 2008, according to Discover Financial Services.
Bangkok, Thailand, February 7, 2008--Oil prices fell Thursday in Asia to under $87 per barrel after the U.S. government reported large jumps in stockpiles of crude, gasoline and heating oil.
Issaquah, WA, February 7, 2008-- Costco said same-store sales rose 7 percent in January, led by its overseas operation.
Sandbach, England, February 7, 2008--Specialty flooring firm Flowcrete may be for sale, according to published reports.
Lord Harris of Peckham, founder of Carpetright, plans to step down as chief executive in a year and install his son at the helm of the flooring retailer.
Auckland, New Zealand, February 6, 2008-- Auckland businessman Rodney Martin is rapidly changing the shape of the New Zealand retail flooring industry.