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.

Foamex Names New CFO

Linwood, PA, Feb. 4--Foamex International has named K. Douglas Ralph executive vice president and chief financial officer, effective immediately.

Washington, DC, Jan. 31—Consumers increased their spending in December by 0.9%, the largest increase in five months, giving the struggling economic recovery a helping hand. The increase came after a 0.4% advance in November and marked the biggest increase

Interceramic Has Record Year

Chihuahua, Mexico, Jan. 31—Interceramic posted another record year with sales topping $300 million, a 4.15% increase from $288 million a year ago. Increased operating expense incurred to support that sales growth took a bite out of the firm’s operating ma

Honeywell’s Revenues Flat In Fourth Quarter, Down

Morris Township, NJ, Jan. 31--Honeywell had revenues in the fourth quarter of $5.9 billion, flat versus the same period in 2001. Ongoing earnings per share were $0.50, compared with of $0.55 in the fourth quarter of 2001

Tandus Names New Monterey President

Dalton, GA, Feb. 3--Tandus Group, Inc. has named Ralph Grogan president of Monterey Carpets, according to Mac Bridger, CEO of Tandus. Grogan will be responsible for all business operations at Santa Ana, California based Monterey.

Economy Slows

Washington, DC, Jan. 30--The U.S. economy slowed in the final quarter of 2002, growing at an annual rate of just 0.7%. The small rise in gross domestic product came after the economy grew at a 4% rate in the third quarter, according to the Commerce Depart

Dow Reports Loss

Midland, MI, Jan. 30--Dow Chemical had a net loss of $809 million, or $0.89 a share, compared with a net loss of $37 million, or $0.04 a share, a year ago. Excluding one time items, Dow reported a loss of $0.18 a share

Lowe's Names New President

Wilkesboro, NC, Jan. 31--Lowe's Cos. has promoted Robert Niblock, the firm’s chief financial officer, to president effective March 1.

Pergo and Witex Agree On Merger

Trelleborg, Sweden, Jan. 28—As previously reported, Pergo AB and HW Industries GmbH, the main stockholder of Witex AG, have been conducting ongoing discussions concerning a merger between Pergo and Witex. Negotiations have been concluded and the parties

Consumer Confidence Down

New York, NY, Jan. 29--The Conference Board's Consumer Confidence Index dipped nearly two points in January. The Index now stands at 79.0, down from 80.7 in December. The Expectations Index declined to 81.4 from 88.1, while the Present Situation Index