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.

Deal Could Result in Boost for New Zealand Wool

Auckland, New Zealand, Oct. 6, 2010--A new deal with a European flooring distributor has the potential to absorb more than two million kilograms of New Zealand crossbred wool a year, according to the Otago Daily Times.

Mortgage Purchase Applications Surge Higher

Mortgage Purchase Applications Surge Higher

Washington, DC, Oct. 6, 2010--Mortgage application volume fell 0.2% from one week earlier on lower demand for refinancing, while demand for purchase mortgages rose to the highest level since May.

Planned Job Cuts Remain Low

Planned Job Cuts Remain Low

Chicago, IL, Oct. 6, 2010--Planned layoffs at U.S. firms rose slightly in September, though it was the second lowest level of the year, according to outplacement consultancy Challenger, Gray & Christmas, Inc.

Dispute Between Valinge, Pergo Continues

Viken, Sweden, Oct. 6, 2010--Valinge said that a U.S. District Court has ruled in favor of Pergo regarding patent infringement based on insufficient evidence, but also ruled against Pergo regarding the validity of Välinge patents.

Stanton Buys Schumacher Carpet Business

Long Island, NY, Oct. 5, 2010--Stanton Carpet, a manufacturer and importer of decorative branded carpet and custom rugs, said it has acquired the carpet wholesale dealer distribution business of F. Schumacher & Co.

Chain Store Sales Up Over Last Year

Chain Store Sales Up Over Last Year

New York, NY, Oct. 5, 2010--U.S. chain-store sales rose 2.4% last week compared with one year ago, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs.