Springs Industries Sells Rug Business
Fort Mill, SC, November 2, 2006--Springs Industries, based in Fort Mill, said Wednesday it has sold its area rugs business to C.S. Brooks World Carpets of Canada.
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.
Floor & Decor Opens Two Stores in Denver
Kennesaw, GA, November 2, 2006--Floor & Decor Outlets of America opened two stores, on the same day in the same city -- while battling the difficulties of nature.
Study: Market Pressures Spell Aggressive Retooling
Columbus, OH, November 1, 2006--As 2010 approaches, Home Depot is on the cusp of a three-decade growth path that has fundamentally reshaped the home improvement industry.
Construction Spending Off 0.3%
Washington, DC, November 1, 2006--Spending construction projects fell 0.3% in September, led by drops in spending on private residential construction and federal building projects, the government said Wednesday.
Interface Announces Plans for Stock Offering
Atlanta GA, October 30, 2006--Interface, Inc. said today that it plans to sell 5,000,000 shares of its Class A common stock in an underwritten public offering.
Armstrong 3Q Earnings Off
Lancaster, PA, October 30, 2006--Armstrong World Industries reported third quarter net earnings of $39.2 million, down from $46.1 million in the year-ago period.
New Director Leaves Armstrong Board
Lancaster, PA, October 27, 2006--A director of the recently reorganized Armstrong World Industries has resigned from the company's board after only three weeks of service, according to a filing with the Securities & Exchange Commission.
Mohawk 3Q Earnings Up 10%
Calhoun, GA, October 26, 2006--Mohawk Industries in the third quarter reported net earnings of $127.7 million and earnings per share (EPS) of $1.88, both of which were up 10% above last year.
New Home Sales Up in September
Washington, DC, October 26, 2006--Sales of new homes in September unexpectedly rose 5.3% to a seasonally adjusted annual rate of 1.075 million, according to the Commerce Department.
Shaw Closing Alabama Yarn Plant
Scottsboro, AL, October 26, 2006--The Grace Plant, which is part of Shaw Industry’s operations at Stevenson, will close, according to Julius Shaw, executive vice president of the company.