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.
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.
Washington, DC, May 13--Retail sales retreated more than expected during April, pulled back by an auto sector decline.
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.
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.
Dalton, GA, May 12--Shaw Industries has created positions for six merchandising specialists to help retailers take advantage of the competitive benefits of promoting the Shaw brand.
Gainsville, GA, May 12--Bond had not been paid late Tuesday for two men accused of racketeering in connection with an alleged flooring scam.
Las Vegas, NV, May 12--On average, homebuyers spend $3,100 to improve a property within a year of moving into it, according to a study conducted by the nonprofit Home Improvement Research Institute.
New York, NY, May 11--Robert De Monaco, a veteran of the carpet industry for nearly half a century, including several decades with Karastan, has died on April 28.
Cincinnati, OH, May 12--Federated Department Stores reported better-than-expected quarterly earnings as it sold more full-priced spring clothing and kept costs in check, and raised its forecasts for the rest of the year.