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.

Invista Eyes Relocation

Wilmington, DE, Dec. 22--DuPont's Invista fibers unit said it might relocate its headquarters once its sale to Koch Industries Inc. closes in the first half of 2004,

Lowe's Names SVP Of Distribution

Mooresville, NC, Dec. 23--Lowe's Companies, Inc. announced the appointment of Michael Mabry as senior vice president of Distribution.

Personal Spending Up

Washington, DC, Dec.23--Personal spending rose in November, the government said Tuesday, falling short of Wall Street forecasts, as the holiday shopping season got off to a slower start than expected.

Federated Taps Chief of Burdines Division

Cincinnati, OH, Dec. 20--An executive who joined the Miami-based Burdines division of Federated Department Stores Inc. last year has been appointed its president and chief operating officer.

Solutia Bankruptcy Background

St. Louis, MO, Dec. 21--Solutia Inc. will need to attack more than its environmental and retiree health care liabilities to fix its financial problems, according to the St. Louis Post-Dispatch.

CRI Releases Sustainability Report

Dalton, GA, Dec. 22--The Carpet and Rug Institute (CRI) has posted the carpet industry 2002 Sustainability Report on the CRI website.

Congoleum Extends Reorganization Vote Deadline

Mercerville, NJ, Dec. 19--Congoleum Corp. today announced that it has extended the deadline for votes to be submitted on the approval of its pre-packaged Chapter 11 plan of reorganization.

Hanley Wood Acquires DreamHomeSource.com

Washington, DC, Dec. 22--Hanley Wood has purchased Portland, OR based Dream Home Source, Inc.

Economy Will Boost Commercial Real Estate In 2004

Washington, DC, Dec. 19-–Occupancy rates in the office, retail, warehouse and multifamily real estate markets can be expected to improve gradually over the next two years, according to the National Association of Realtors.

Solutia To Increase Nylon Fiber Price

St. Louis, MO, Dec. 19--Solutia Inc. has announced a price increase on nylon carpet fiber for the residential carpet market segment.