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.

Coles-Christensen Buys Packards West

Santa Fe, NM, July 14, 2006--Gary Coles-Christensen, a founding partner of Packards West, has acquired G. Coles-Christensen, Rug Merchants. The transaction was finalized July 1, 2006,

Retail Sales Off 0.1%

Washington, DC, July 14, 2006--Retail sales were off 0.1% in June, according to a Commerce Department report.

NAHB Issues Housing Start Forecast State-by-State

Washington, DC, July 13, 2006--While nationally the housing market is experiencing a gradual cooling process, some states continue to show growth, according to the National Association of Home Builders’ (NAHB) State Housing Starts Forecast.

Home Depot Hits 52-Week Low

New York, NY, July 13, 2006--Shares of Home Depot Inc., fell to a 52-week low on Wednesday amid a broad sell-off on Wall Street and further pressured by a cautious note from Bear Stearns predicting slowing sales due to the cooling housing market.

79% of Online Small Businesses Shop Online

New York, NY, July 12, 2006--JupiterResearch has found that 79 percent of online small businesses conduct business-related online shopping regularly, making it almost as prevalent as the use of email among online small businesses.

Nardelli Speaks on Transparency

Atlanta, GA July 10, 2006--Home Depot chairman and chief executive Bob Nardelli has been under fire recently for a variety of issues. Among those issues are the company’s lagging share price, his pay package and most recently the company’s May shareholder

Laufen to Move Offices to Miami

Canton, OH, July 10, 2006--Laufen/United States Ceramic Tile Co., will move its corporate headquarters to Miami in the first half of next year.

Faus Group Inks Distribution Deal with SPI Floors

Calhoun, GA, July 10, 2006--Faus Group, Inc., announced that they have signed an extended agreement with SPI Floors to begin distribution of the Fausfloor laminate flooring program in Ohio beginning July 2006.