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.
New York, NY, May 6, 2008--Another record week of gasoline prices contributed to a week-over-week decline in retail sales across the nation, according to the International Council of Shopping Centers (ICSC) on Tuesday.
Washington, DC, May 6, 2008-- Record diesel fuel prices already have prompted truckers ask the government for help.
Washington, DC, May 6, 2008--The Federal Reserve said Monday that more banks are tightening lending standards on home mortgages and other types of loans in response to a spreading credit crisis.
Milwaukee, WI, May 6, 2008--Home improvement retailer Menards is creating need for its products by developing homes in residential subdivisions.
Tempe, AZ, May 5, 2008--Service industries expanded unexpectedly last month, perhaps an indication that damaged from the housing slump and credit crisis may be moderating.
Omaha, NE, May 3, 2008--Pretax earnings in the first quarter for Shaw Industries fell 44 percent compared to a year ago and management expects earnings this year to fall below 2007, according to a filing with the Securities and Exchange Commission.
Red Bank, NJ, May 5, 2008--Hovnanian Enterprises Inc. said Monday it expects second-quarter charges of $225 million to $275 million for land impairments and write-offs, due to ongoing sales and pricing declines.
Fairlawn, OH, May 5, 2008--Omnova Solutions' Specialty Chemicals business will increase prices up to $0.06 per wet pound.
Lancaster, PA, May 2, 2008--Armstrong World Industries Inc. today reported first quarter net earnings of $15.2 million.
Calhoun, GA, May 2, 2008--Mohawk Industries has named Frank Peters as president of the Mohawk Flooring division which encompasses all carpet, rugs, and Mohawk branded hard surface flooring.