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.

Pergo & Classen Group Form Partnership

Trelleborg, Sweden, May 14--Pergo is a major Swedish laminate flooring company with leading positions in the markets especially in North America and Europe.

Shaw Presents Advantage 04 Program to Retailers

Dalton, GA, May 14--Shaw Industries recently completed presentations of its Shaw Advantage 04 program to floorcovering retailers throughout the country.

Target's Earnings Rise

Minneapolis, MN, May 13--First-quarter earnings at Target Corp. jumped 25% as the company's namesake discount store continued to carry its other two sluggish divisions.

New York Carpet Store Closing After 86 Years

Catskill, NY, May 14--The doors of Oren's Furniture open today for the beginning of the end, according to the Daily Freeman.

Business Inventories Up

Washington, DC, May 14--Business inventories increased 0.7% to a seasonally adjusted $1.205 trillion in March, after a revised 0.8% advance in February, the Commerce Department reported Friday.

Sears to Trim Size of Sears Grand Stores to Boost

Hoffman Estates, IL, May 14--In recent months, Sears, Roebuck and Co. has opened two freestanding Sears Grand stores--each exceeding 200,000 square feet.

New York Attorney General Shuts Down Flooring Webs

Albany, NY, May 13--The state Attorney General's office has shut down the website of Beaverhome.com, a flooring company formerly in Niagara Falls.

Home Depot Acquires Mexican DIY Chain

Atlanta, GA, May 13--Home Depot today announced it has signed a definitive agreement to acquire Home Mart, the second largest Mexican home improvement retailer.

Washington, DC, May 13--U.S. inflation in the production pipeline stayed mild last month despite strong economic growth, validating the Federal Reserve's view that it will not need to raise interest rates rapidly this year.

Sears Sees Potential for 500 Sears Grand Stores

Hoffman Estates, IL, May 13--Sears, Roebuck and Co., which until now has announced plans for only five freestanding Sears Grand discount stores, now believes its new off-mall format has the potential for up to 500 locations.