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.

Chain Store Sales Up Last Week

New York, April 5--Chain store retail sales were up slightly on a seasonally-adjusted basis in the latest week, a retail report said on Tuesday.

Hovnanian March Contracts Up 22%

Red Bank, NJ, April 5—-Homebuilder Hovnanian Enterprises said the value of its contracts rose sharply last month as activity swelled in the southeast and southwest portions of the country.

S&P: Retail Sector Seeing Negative Credit Trend

New York, April 4--Credit quality in the retail sector is likely to remain negative for the rest of the year, as mergers and acquisitions and other strategic decisions companies make weigh on their ratings, Standard & Poor's said.

Foamex’s Losses Widen in 4Q

Linwood, PA, April 4--Foamex International Inc. today reported a net loss for the fourth quarter of $15.0 million, or $0.61 per diluted share, compared to a net loss of $3.5 million, or $0.14 per diluted share, in the fourth quarter of 2003.