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.

Three Former Kmart Executives Charged with Fraud

Washington, DC, December 3--Three former Kmart executives and representatives of several major vendors were charged on Thursday with fraudulently accounting for $24 million of profit before the retailer filed for bankruptcy in 2002.

Employers Add 112,000 Jobs in October, Unemploymen

Washington, DC. December 3--Employers added 112,000 workers in November, less than the 200,000 that economists has expected, but the jobless rate dropped to 5.4 percent from 5.5 percent, according to the Labor Department.

Wal-Mart Launches Ad Blitz

Bentonville, AR , December 3--Wal-Mart, stung by a lackluster start to the holiday shopping season, said Thursday it is launching a new advertising campaign to remind its customers of its low prices.

Shaw Implements New Retailer Oriented Software

Columbus, OH, December 2-- Shaw Industries has implemented a solution built on the Sterling Commerce Multi-Enterprise Services Architecture (MESA) to support its customers' initiatives to improve bottom-line performance by sharing accurate and timely

Capstone To Fund $7.8 Million for Complete Floorin

New York, December 1--Capstone Business Credit, LLC signed a one-year project financing agreement with Complete Flooring Supply Corporation (CFS), based in Suwannee, GA. The deal represents funding $7,800,000 in accounts receivable over a one-year period

House Price Gains Continue to Accelerate

Washington, D.C., December 3--Average U.S. home prices increased 12.97 percent from the third quarter of 2003 through the third quarter of 2004. Appreciation for the most recent quarter was 4.62 percent, or an nnualized rate of 18.48 percent.

Home Depot & Lowe's Settle Credit Card Suit

Los Angeles, December 2--More than two million people with credit cards from The Home Depot Inc. and Lowe's Companies Inc. could be eligible for $5 rebates under the terms of a court settlement of a lawsuit over the companies' credit card promotio

Solutia Names Winners of Doc Competition

New York, December 2--Solutia honored four design firms and four carpet manufacturers in the annual Doc Competition awards ceremony held in New York City on December 1.