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.

Housing Starts Decline

Washington, DC, May 18--Anticipation of higher interest rates dampened home-building activity in April with residential construction experiencing a slight decline of 2.1% to an annual rate of 1.969 million new units.

Fargo Retailer Moves to New Location

Fargo, ND, May 21--The locally owned floor coverings outlet, Carpet World has purchased land and is building a larger outlet at 4601 17th Ave. S. in Fargo, near Home Depot.

Sears Institutes Hiring Freeze

Hoffman Estates, IL, May 18--Citing disappointing sales, Sears, Roebuck & Co. has instituted a hiring freeze and is cracking down on discretionary spending to reduce costs.

Builder Confidence Strong & Steady In May

Washington, DC, May 17--Builder confidence in the new-homes marketplace held firm at a healthy level in May, the National Association of Home Builders (NAHB) reported today.

J.C. Penney Earnings Off

Plano, TX, May 18--J.C. Penney Co Inc. reported lower quarterly net profit, hurt by charges from the sale of the Eckerd drugstore chain, although sales rose almost 9%.

Milliken Honors StarNet Member Bonitz

Ridgefield, CT, May 17--StarNet Commercial Flooring Cooperative announces that one of its members--Bonitz Flooring Group of Greenville, SC--has been honored with the 2003 “Premier Dealer Partner of the Year award” from Milliken Carpet.

Court OKs Congoleums Chapter 11 Plan

Mercerville, NJ, May 14--Congoleum Corp. got bankruptcy-court approval of its Chapter 11 plan disclosure statement, according to its quarterly report filed Friday with the Securities and Exchange Commission.