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.
Linwood, PA, April 7, 2008-- Foamex International Inc. reported a net loss for the fourth quarter of $35.6 million, or $1.51 per diluted share, compared to net income of $1.1 million, or $0.12 per diluted share, in the fourth quarter of 2006.
Atlanta, GA, April 7, 2008-- Sunday marked 35 years since Ray Anderson, founder and chairman of Interface, Inc., brought the concept of carpet tile to the U.S. from Europe to create what would become Interface.
New York, NY, April 7, 2008--The vacancy rate at U.S. strip malls rose to the highest level since 1996 in the first quarter of 2008, according to research firm Reis.
Cherry Hill, N.J., April 4, 2008-- Maryanne Adams has been named president and CEO of Avalon Carpet Tile and Flooring.
Tuscumbia, AL, April 7, 2008--Flexco has signed full product-line distributor General Distributors.
Washington, DC, April 4, 2008-- Employers slashed 80,000 jobs in March, the most in five years and the third straight month of losses, according to the Labor Department.
Scottsdale, AZ, April 4, 2008—Meritage Homes reported estimated net sales of $420 million on 1,630 homes ordered, and closing revenue of $370 million on 1,320 homes after a cancellation rate of 27 percent.
Atlanta, GA, April 4, 2008--Home Depot has agreed to pay $14.5 million in a settlement with shareholders who sued the company over former CEO Bob Nardelli's $210 million severance package, according to a filing with the Securities and Exchange Commission.
Washington, DC, April 3, 2008—Recent studies by the New Buildings Institute (NBI) and CoStar Group, have validated that third party certified buildings outperform their conventional counterparts.
Feilding, New Zealand, April 4, 2008--Workers in one of New Zealand's largest carpet factories are clocking out for the last time on Friday.