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.

Toll Brothers Expects Earnings Increase in 2005

Huntingdon Valley, PA, October 6-- Luxury homebuilder Toll Brothers Inc. said it expects to see at least 30 percent growth in net income in fiscal year 2005 on strong demand for more expensive homes as maturing baby boomers enter their peak earning years.

Delinquency Rate Up on Riskiest Loans

New York, NY, November 10, 2006--Residential loans to the riskiest borrowers are sinking into delinquency 50 percent faster in 2006 than last year, according to UBS Securities.

AmericasMart Boasts World’s Largest Permanent Area

Atlanta, GA, November 10, 2006--As the preferred destination for area rug and home furnishings retailers worldwide and home to hundreds of the industry’s most respected and innovative area rug exhibitors, AmericasMart Atlanta serves as center stage for ar

Home Depot’s 3Q Earnings Up 20%, Tops Expectations

Atlanta, GA, November 16-- Home Depot reported record third quarter fiscal 2004 net earnings of $1.3 billion, or $0.60 per diluted share, up 20 percent compared to $0.50 per diluted share for the third quarter fiscal 2003.

U of Michigan Sentiment Index Up in November

Ann Arbor, MI, November 12--The University of Michigan's preliminary consumer sentiment index rose to 95.5 from 91.7 in October. The increase was the first since July, and followed a four-point jump in the university's October index.

Interface Joins Chicago Climate Exchange

Atlanta, GA, November 10--Interface, Inc. announced that it has become a member of the Chicago Climate Exchange (CCX), a voluntary, multi-sector market for reducing and trading greenhouse gas (GHG) emissions.

Minuteman Merges With Hako-Werke

Addison IL, November 9-- Floor-care equipment and chemical manufacturer Minuteman International announced that it will merge with Hako-Werke International Inc.

Rhodes Furniture Files Chapter 11

Atlanta, GA, November 5—Rhodes Furniture said it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. The company said it has identified 26 store locations and five related support operations that will be closed.