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.

Cleveland Fed President Discounts Link of PPI to C

Milan, Italy, February 21--There is little direct link where a rise in producer prices leads to upward pressure on consumer prices, Federal Reserve Bank of Cleveland President Sandra Pianalto said on Monday.

Michigan Retailer Focuses on Rugs

Flint, MI, February 21--Thousands of years ago, tents in the Middle East were decorated by finely crafted, hand-woven rugs. Now, area rugs are enjoying a resurgence as hard-surface floors are becoming more popular, according to the Flint Journal.

Kmart and Sears Set Shareholder Vote

Troy, MI, Hoffman Estates, IL, February 21--Sears and Kmart said that the registration statement filed with the Securities and Exchange Commission in connection with the proposed merger has been declared effective.

Roppe Names Top Salesman, Distributor

Fostoria, OH, February 18--Roppe Corporation honored their top distributor and salesman at its 2004 Sales Awards and Dinner Banquet at the Treasure Island Hotel and Casino in Las Vegas.

Wisconsin Hardwood Retailer Passes to Second Gener

Black Creek, WI, February 21--When Ralph Lorenz yielded control of Ralph’s Hardwood Floors — the company he founded in 1965 — he handed it over to the new owner, his son Rod, according to the Post-Crescent.

Deal Saving Stoddard to be Announced

Kilmarnock, Scotland, February 18--A deal that would rescue stricken Stoddard International, Scotland's oldest carpet maker, is expected to be announced today, according to The Glasgow, Scotland Herald.

Producer Prices Up, Core Index Up More

Washington, DC, February 18—The producer price index for finished goods rose 0.3% in January after declining 0.3% in December, according to a report from the Labor Department.