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.

Sears Ups Sears Canada Stake, Extends Offer

Hoffman Estates, IL, March 20, 2006-- Sears Holdings Corp., said it had extended its offer to buy Sears Canada, and it had also taken up another 10.2 million shares of its target, giving it about 63.2 percent of outstanding shares of the Canadian retailer

Leading Index Off 0.2% in February

New York, NY, March 20, 2006--The Conference Board announced today that the U.S. leading index decreased 0.2 percent, the coincident index increased 0.3 percent and the lagging index increased 0.1 percent in February.

Tipton Promoted at Quick-Step

Thomasville, North Carolina, March 9, 2006--To help further the exposure and success of Quick-Step glueless laminate floors in the specialty retail market, Tim Tipton has taken the position as National Buying Group Sales Manager.

Hirst Halves Stake in Feltex

Wellington, New Zealand, March 20--Troubled carpet maker Feltex has been abandoned by a potential white knight, with rival Godfrey Hirst announcing today it has almost halved its stake in the New Zealand company.

USGBC:10 Principles for Sustainable Development

Washington, DC, March 20, 2006--The U.S. Green Building Council (USGBC), will present its “Ten Principles for Sustainable Development” in New Orleans at a luncheon Monday, March 20, at the Sheraton New Orleans Hotel.

ASID's 2005 Class of Fellows

Washington, DC, March 20, 2006--The American Society of Interior Designers yesterday announced its 2005 Class of Fellows at their Conference on Design in Memphis, Tennessee.

Zwicker Named J.J. Haines President & CEO

J. J. Haines & Company, Inc., the second largest full line distributor of floor covering in the U.S., announced that Bruce A. Zwicker has been promoted to the position of President and CEO.

Survey: Residential Mortgage Delinquencies Increas

Washington, DC, March 17, 2006--The delinquency rate for mortgage loans on one-to-four-unit residential properties was 4.70 percent at the end of the fourth quarter, up from 4.38 percent in the fourth quarter of 2004 and 4.44 percent in the third quarter