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.
Washington, DC, August 15--Total existing-home sales, which include single-family and condos, were at the highest pace on record in the second quarter, with 42 states showing higher sales in comparison with a year earlier.
Mooresville, NC, August 15--Lowe's reported net earnings of $838 million in the second quarter, a 19.7 percent increase over the same period a year ago. Diluted earnings per share increased 20.7 percent to $1.05 from $0.87 in the second quarter of 200
Chattanooga, TN, August 12--Shaw Industries and SI Corporation announced today that a definitive agreement has been entered into whereby SI will sell Shaw its woven carpet backing operation in Chickamauga, Georgia.
Danville, VA, August 12--Columbia Flooring has completed the acquisition of Malaysia Wood Industries Sdn. Bhd.
Vancouver, BC, August 11--Home improvement retailer Rona Inc. reported new earnings that rose to $70.4 million, $0.61 per share diluted, on sales of $1.21 billion in the three months ended June 26.
Perak Darul Ridzuan, Malaysia, August 11—-Ekowood International Bhd, a company involved in engineered hardwood flooring, plans to use more Malaysian timber species for its products, it was announced in Kuala Lumpur yesterday.
Cleveland, OH, August 10--Sales of decorative laminates in the US are forecast to increase 3.9 percent per year to 15.7 billion square feet in 2009, valued at $6.2 billion, according to "Decorative Laminates," a new study from The Freedonia Group, Inc.
Washington, DC, August 9--Home sales are expected to trend down from record levels during the second half of this year, but easily set annual records for both new- and existing-home sales, according to the National Association of Realtors.
Trelleborg, Sweden, August 9--Pergo (Europe) AB and Witex AG have settled the patent infringement lawsuit initiated by Pergo against Witex USA, Inc. in the United States District Court for the Northern District of Georgia.
Mercerville, NJ, August 9--Congoleum Corp. in the second quarter reported a net loss of $14.6 million or $1.77 per share, which included a $15.5 million charge for asbestos liabilities.