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.
Cincinnati, OH, Oct. 30--In an uncommon move, three flooring companies have filed a petition to force Cincinnati-based Dalton GA Carpet Outlet into bankruptcy, seeking a Chapter 7 liquidation, according to the Cincinnati Enquirer.
New York, NY, Oct. 30--Martha Stewart Living Omnimedia on Thursday posted a quarterly loss as its core brand took a hit from the legal travails of its founder, Martha Stewart.
New York, NY, Oct. 30--Walmart.com CEO John Fleming says he doesn't want to be another Amazon.com, but he does want to stir things up at the online unit of the world's No. 1 retailer.
Houston, TX, Oct. 30--In one of the largest launches in its 71 year history, Azrock by Tarkett will take its newly revitalized product line on the road to more than 31 distributor locations across the country.
Lancaster, PA, Oct. 29--Two-thirds are down; the other third ought to go. So says Armstrong World Industries, as it deals with objections to its bankruptcy reorganization plan, according to the Lancaster New Era.
Chattanooga, TN, Oct. 28--The Dixie Group, Inc. announced that it has rescheduled the date of its third quarter earnings release and analyst conference call.
Shanghai, China, Oct. 29--U.S. hardwood sales to China are expected to increase "in the neighborhood of 25% to 30%" this year as the country's real estate boom continues.
Cleveland, OH, Oct. 28--Sherwin-Williams Co. saw an 8.1% increase in net income in the latest third quarter, on a 5.4% rise in consolidated net sales.
Atlanta, GA, Oct. 29--Sunshine Ace Hardware, an old-time hardware chain in southwest Florida that has seen Home Depot open several stores in its back yard, isn't backing away from its fight with Big Orange.
London, U.K., Oct. 27--BP said its profit rose 25% in the third quarter, boosted by higher crude-oil prices.