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.

May Department Store’s 1Q Earnings Drop

St. Louis, MO, May 10--May Department Stores, which has agreed to be acquired by Federated Department Stores, reported earnings of $41 million, or $0.13 per share, versus $76 million, or $0.24 per share, in the same period a year earlier.

Shaw Intros Second Collection of ClearTouch Styles

Dalton, GA, May 10--In the wake of the company’s successful launch of its ClearTouch PET styles, Shaw is introducing a variety of new products that expands the range of construction options for the innovative fiber system.

Saks Fires Execs After Markdown Probe

Birmingham, AL, May 10--Saks Inc. on Monday said it has fired its chief accounting officer and other top officers after an internal investigation into improper collections of markdown allowances.

TCNA Offers Handbook for Ceramic Tile on CD

Anderson, SC, May 9--Produced by the Tile Council of North America, Inc. (TCNA), the CD-ROM version of the 2005 Handbook for Ceramic Tile Installation offers hyperlinks between ANSI standards and the Handbook.

Wholesale Inventories Up 0.4%

Washington, DC, May 9—Wholesale inventories increased 0.4% in March as wholesales grew by 0.2% during the month, according to the Commerce Department.