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.

Foamex Changes Funding of Retirement Plans

Foamex Changes Funding of Retirement Plans

Linwood, PA, December 11, 2007—Foamex International Inc said it will freeze future benefit accruals under its defined benefit pension plan and increase its matching contributions to its 401(k) plan at the beginning next year.

Wienbeck Named CEO at Scandian Industries

Wienbeck Named CEO at Scandian Industries

Virginia Beach, VA, December 7, 2007—Scandian Industries, the parent company of Scandian Wood Floors, has named Christiaan Wienbeck president and CEO of Scandian Industries.

Pending Home Sales Index Rose in October

Pending Home Sales Index Rose in October

Washington, DC, December 10, 2007—The Pending Home Sales Index, an indicator based on contracts signed in October, increased 0.6 percent to an index of 87.2 from an upwardly revised reading of 86.7 in September.

Lowe's Opens First Canadian Stores

Lowe's Opens First Canadian Stores

Toronto, Ontario, December 10, 2007--Lowe's today opened its first three Canadian stores in the Greater Toronto Area, marking the home improvement retailer's first international expansion.

Consumer Sentiment Falls

Consumer Sentiment Falls

Ann Arbor, MI, December 7, 2007--Consumer sentiment soured for a third month in early December as a housing recession and expensive gasoline left consumers at their gloomiest since the aftermath of Hurricane Katrina, a report showed on Friday.