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.

Feltex Shares Off as Company Trims Guidance

Auckland, New Zealand, April 1--Shares of Feltex Carpets Ltd., the biggest carpet maker in Australia and New Zealand, plunged 31 percent after the company cut its profit estimate.

Personal Income Up 0.3%

Washington, DC, March 31--Personal income increased 0.3%, in February, according to the Commerce Department. Personal income fell a revised 2.5% in January. It was initially estimated as having dropped 2.3% in January.

No Change in Help-Wanted Ad Index

New York, NY, March 31--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America’s job market – was unchanged in February.

U.K.'s Duralay on the Block

Lancashire, England, March 31—-The company which owns carpet underlay firm Duralay is on the market with a price tag of around £100m, according to the Manchester Evening News.

Saks May Be Contemplating Spin-Off

New York, March 31--Shares of Saks Inc. soared nearly 8 percent Wednesday amid a published report that said the department store operator plans to keep its Saks Fifth Avenue division and is lining up buyers for its regional mid-price department store grou