Today's Flooring News

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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.

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.

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.

Chain Store Sales Up 0.7% Last Week

New York, NY, May 10-—Chain store sales were up 0.7% in the week ended May 7 compared with the week before, on a seasonally adjusted, comparable-store basis.

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.

Louisiana Primed for Flooring Industry

Baton Rouge, LA--May 10--According to a study of Louisiana’s forest population, the state has abundant timber resources available to establish the manufacturing of High Density Fiberboard (HDF) laminate flooring.