Today's Flooring News

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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.

ServiceMaster CEO Resigns

Downers Grove, IL, May 16, 2006--ServiceMaster Co., said that its chairman and chief executive, Jonathan Ward, has resigned.

Housing Starts Off in April

Washington, DC, May 16, 2006--Housing starts fell 7.4% in April to a seasonally adjusted 1.85 million annualized units, according to the Commerce Department.

Producer Prices Rise 0.9%

Washington, DC, May 16, 2006--Producer prices rose 0.9% in April, led by higher energy costs, but prices outside of energy were well contained, according to Labor Department data released Tuesday.

Chain Store Sales Unchanged Last Week

New York, NY, May 16, 2006--Chain store sales were unchanged in the latest week as spending ahead of Mother's Day offset cool, wet weather and rising gasoline prices, according to a report on Tuesday.

Federated Raises 2Q Outlook

Cincinnati, OH, May 16, 2006--Federated Department Stores raised its second-quarter financial forecast by $0.33 per share, due to a favorable tax settlement with the Internal Revenue Service.

Domotex Middle East Sells Out

Dubai, United Arab Emirates, May 15, 2006--Domotex, Middle East, the specialist carpets and flooring trade show due to debut in Dubai this May, has sold out within just months of its launch.

Dixie Cranks Up New Plant

Eton, GA, May 15, 2005--According to a the Chattanooga Times, the problem Dan Frierson had a year ago was one any CEO would envy--his carpet company, The Dixie Group, had too much business.

Target 1Q Earnings Up

Minneapolis, MN, May 15, 2006--Target Corp., posted a 12 percent increase in first quarterly earnings, helped by strong Easter holiday and spring season sales, and big gains from its credit card business.

Metro Home Prices Begin to Cool but Appreciation R

Washington, DC, May 15, 2006--The growth in single-family home prices continued to cool in the first quarter, but many metropolitan areas are still showing double-digit annual gains, according to the latest survey by National Association of Realtors.