CEO: Home Depot Won't Quit Installation Business
Atlanta, GA, June 5, 2008--Home Depot's CEO doesn't expect the company's home installation business to grow, but he said there are no plans to leave the struggling business.
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.
Oil Prices Spike After Analyst Predicts $150
Washington, DC, June 6, 2008--Oil prices have been on a rollercoaster over the last few days.
Wholesale Inventories Decline, Sales Rise
Washington, DC, June 6, 2008--Wholesale inventories posted their first decline in more than a year, as wholesale sales rose more than twice as fast as expected, the Commerce Department said.
Omnova Solutions Raising Prices Again
Fairlawn, OH, June 6, 2008--Omnova Solutions is raising prices by $0.20 per dry pound on styrene butadiene latex for carpet and related markets, effective June 9.
Propex Raising Prices 6% as Costs Increase
Chattanooga, TN, June 5, 2008--Propex Inc., the major supplier of primary and secondary carpet backing to the carpet industry, said it will raise prices 6 percent effective July 2.
Persian Rug Sold at Auction for $4.45 Million
Providence, RI, June 6, 2008--A silk Persian rug dating from the 16th or 17th century has sold for a record $4.45 million at auction.
Mohawk To Feature Aggressive Hardwood Rollout
Dalton, GA, June 5, 2008--Mohawk is ramping up its most aggressive hardwood rollout ever on the heels of its purchase of Columbia Wood Flooring last year.
Faus Now Selling Directly to Specialty Retailers
Calhoun, GA, June 5, 2008--As of June 3, Faus has changed its distribution strategy and is going directly to the specialty retailers.
Milliken Named to 'Most Ethical' Companies List
Spartanburg, SC, June 4, 2008--The Ethisphere Institute named Milliken & Company to its second annual World's Most Ethical Companies for the second year.
Shaw, Crossville Win Product Awards at HD Show
Atlanta, GA, June 5, 2008--The Hospitality Design Exposition & Conference in Las Vegas May 14-17 gave several awards.