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.
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.
Atlanta, GA, May 2, 2008--Home Depot said it is closing 15 underperforming stores and will postpone the opening of 50 new stores nationwide.
Washington, DC, May 2, 2008--Employers cut fewer jobs in April expected and the unemployment rate dropped to 5 percent, the Labor Department said Friday.
Washington, DC, May 2, 2008--U.S. manufacturers saw demand for their products increase in March, according to the Commerce Department.
Washington, DC, May 2, 2008--Manufacturing contracted in April for the third straight month, according to the Institute for Supply Management.
Ringgold, GA, May 1, 2008--Shaw Industries is closing a carpet finishing line inside a rug plant in Ringgold, Ga.