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.

UK’s Carpet Foundation Completes 1st Stage of Cons

Kidderminster, England, August 19--The Carpet Foundation has become the first association in the furniture sector to complete Stage One of the OFT's Consumer Codes Approval Scheme (CCAS), which aims to promote and safeguard consumer interests.

New Zealand’s Cavalier Reports Earnings Drop

Wellington, New Zealand, August 19--Cavalier has reported a 35% fall in its June bottom line net profit to $13.7 million and said it would struggle to match the 2005 result in the current year.

UK-Based Interfloor to be Sold

Lancashire, England, August 19—-The company that owns Lancashire-based carpet underlay firm Duralay is to be sold in an £80m-plus deal, according to the Manchester Evening News.

Homebuilder Levitt Plans Acquisitions

Fort Lauderdale, FL August 19--Levitt Corp., parent of the company that built Levittown developments for U.S. soldiers returning from World War II, wants to acquire other home builders to expand its geographic reach.

Home Depot Increases Buyback By $1B

Atlanta, GA, August 19--Home Depot declared a second quarter cash dividend of $0.10 per share. The compnay’s board also authorized an additional $1 billion to repurchase outstanding shares, bringing the total authorized share repurchase program to $11 bil

Kohl's Outlines Growth Plans

Menomonee Falls, August 19--Kohl's is looking to nearly double its store count in an expansion move that management anticipates will ring up sales of $24 billion in the next five years.

Pakistan Hand-knotted Carpets Exhibition Set for A

Karachi, Pakistan, August 18--Pakistan Carpet Manufacturers and Exports Association (PCMEA) Chairman Abdul Ghafoor Sajid said the regional hand-knotted carpets exhibition will be held at the Karachi Expo Centre from August 28-30.