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.

Chorman Elected to Foamex Board

Linwood, PA, Dec. 11--Thomas E. Chorman, president and chief executive officer of Foamex International has been elected to the company's board effective immediately.

Dow Brings Back Former CEO

Midland, MI, Dec. 13--Citing two years of lackluster financial performance, Dow Chemical replaced its president and chief executive with the man who previously led the company.

Tandus Redefines Market Strategy

Dalton, GA, Dec. 9--Tandus Group has made fundamental changes to its strategy for bringing to market its specialized floorcovering brands--C&A Floorcoverings (C&A), Crossley Carpet Mills and Monterey Carpets.

Marley Sells Automotive Carpet Unit

Durban, South Africa, Dec. 9--Automotive component group Feltex, has acquired the automotive carpet unit of Marley for an undisclosed sum.

Revenues Up For Tandus

Dalton, GA, Dec. 10--Tandus Group, Inc., which includes Collins & Aikman Floorcoverings, had third quarter revenues of $84.3 million compared to $82.4 million for the same period a year ago.

Canadian Lumber Tariff Hurts Consumers, Group Clai

Washington, D.C., December 6, 2002--American Consumers for Affordable Homes (ACAH) today called on the U.S. International Trade Commission (ITC) to focus on how trade distorting measures, particularly the 27% duties recently imposed on Canadian lumber imp

Armstrong Teams With Xign Payment Sevices

Pleasanton, CA, Dec. 9--Armstrong World Industries has selected the Xign Payment Services Network to automate its paper based accounts payable processes.

Home Depot Posts Third Quarter Net Gains

Atlanta, GA, Dec. 6, 2002--Home Depot’s net sales for the third quarter of fiscal 2002 increased 8.9% to $14.5 billion from $13.3 billion for the third quarter of fiscal 2001.

Unemployment Rate Surges In November

Washington, D.C., Dec. 6, 2002--The nation's unemployment rate unexpectedly shot up to 6% in November, the highest level since a peak almost nine years ago when the country was struggling to emerge from the last recession.

Mortgage Rates Move Higher For Third Week

Washington, D.C., Dec. 6, 2002--Mortgage rates around the country moved up for the third week in a row, with rates on 30-year mortgages climbing to their highest level since late October.