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.

International Design Guild Intros Designer Showcas

Manchester, NH, July 19--The International Design Guild, an alliance of luxury floor covering showrooms, strives to recognize the talents and accomplishments of interior designers throughout the United States and Canada.

Housing Starts Flat in June

Washington, DC, July 19—-Housing starts in June were unchanged at a seasonally adjusted annual rate of 2.004 million, according to a Commerce Department report.

Virginia Retailer Fatally Shot

Goochland County, VA, July 19--Jason Carr, the manager of Stone Mountain Carpet Mill Outlet in Goochland County, got to the store before installers arrived.

S&P Cuts Pier 1 Imports Rating

New York, July 19--Standard & Poor's on Monday cut its ratings on Pier 1 Imports to junk status, citing weak operating performance and uncertainty about the success of new marketing efforts.

3M 2Q Earnings Up

St. Paul, MN, July 18--3M Co. posted a higher quarterly profit and raised the bottom of its full-year profit forecast as it expects sales to continue to accelerate.

Increasing Prices Hurting Persian Carpet industry

London, England, July 18--The greatest challenge to the Persian carpet industry is the high prices of hand-woven rugs, which have reduced the national industry’s competition power at the international level.

Consumer Sentiment Up in July

Ann Arbor, MI, July 15--The University of Michigan's preliminary consumer sentiment index for July rose to 96.5 from 96 in June.

Q.E.P. 1Q Earnings Off

Boca Raton, FL, July 15--Q.E.P. in its first quarter ended May 31, 2005 reported net income of $770,000, or $0.21 per diluted share, compared with $1.2 million, or $0.32 per diluted share for the same period last year.