New Home Sales Up In August
Washington, DC, Sept. 25--Sales of new U.S. homes in August rose to the second highest rate on record, the government said on Thursday in a better-than-expected report.
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.
Durable Goods Orders Slip
Washington, DC, Sept. 25--Strong demand from the Pentagon wasn't enough to keep American factories humming in August, the Commerce Department said Thursday.
More Job Cuts at Carpets International
Killinchy, Ireland, Sept. 25--Around 160 workers are to lose their jobs at a Northern Ireland textiles company which went into receivership a month ago.
Forbo Signs Licensing Deal With South American Adh
Eglisau, Switzerland, Sept. 25--The Forbo Group has concluded a license agreement with the Brazilian adhesives manufacturer Artecola Indústrias Químicas Ltda.
Morelock Wood Names E.J. Welch Distributor
Bend, OR, Sept. 25--Morelock Wood Products, known announced its new partnership agreements with E.J. Welch Company to distribute its high-end flooring, mouldings and accessories throughout the Midwest.
Omnova Solutions Shows Loss
Fairlawn, OH, Sept. 25--Omnova Solutions Inc. swung to a loss for the third quarter, beset by flat sales, higher raw-material costs and restructuring expenses.
Home Depot Announces Second Manhattan Store
Atlanta, GA, Sept. 24--The Home Depot, the world's largest home improvement retailer, today announced plans to open a new store at 59th Street and Third Avenue in Midtown Manhattan next summer.
Armstrong To Raise Residential Sheet Vinyl Prices
Lancaster, PA, Sept. 24--Armstrong announced today that it will initiate a three to five percent price increase on selected residential vinyl sheet flooring products effective with shipments on December 1.
Creditors Want Armstrong To Hold Off On Reorganiza
Lancaster, PA, Sept. 24--Let's look before we leap. That was the point raised Monday by a group in the Armstrong World Industries bankruptcy case, in one of a dozen objections filed against Armstrong's proposed reorganization plan, according to th
Lowe’s Sales Still Strong
Charlotte, NC, Sept. 24--Lowe's Companies, Inc. will tell analysts and investors today in Charlotte at its annual conference that third quarter sales trends remain strong and the company remains optimistic about its current and future prospects.