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.
Mooresville, N.C., February 25, 2008-- Lowe's said fourth quarter earnings declined 33.4 percent over a year ago. The world's second largest home improvement retailer reported net earnings of $408 million for the quarter ended Feb. 1.
Washington, DC, February 25, 2008—Sales of existing U.S. homes and condos fell 0.4 percent in January to a seasonally adjusted annual rate of 4.89 million, according to the National Association of Realtors.
Fort Mill, S.C., Feb 25, 2008 -- Fiber maker Wellman Inc. has filed for Chapter 11 bankruptcy protection. The company said cost cutting and other measures were insufficient.
Whittier, CA, February 25, 2008—Eric Scharff has been appointed vice president of sales and marketing for Hibernia Woolen Mills, a supplier of wool carpets and a Wools of New Zealand brand partner.
Atlanta, GA, February 20, 2008—Actress Kelly Preston will star in the 2008 “Make a Statement” national ad campaign for Karastan carpets and rugs.
Washington, DC, February 25, 2008--Homeowners on the verge of bankruptcy or foreclosure could get relief from Congress this week.
Sao Paulo, Brazil, February 25, 2008-- Brazilian federal police seized more than 500 truckloads of illegally cut hardwood that were abandoned last week when rioting residents and loggers drove out environmental authorities.
New York, NY, February 22, 2008--Solutia's three bankruptcy lenders decided independently to pull out of a commitment to fund the company's $2 billion exit loan based on credit market conditions, a lawyer for the lenders said in court.
Dalton, GA, February 22, 2008—Robert Peoples, executive director of the Carpet America Recovery Effort, has accepted a new position as executive director of the Green Chemistry Institute of the American Chemical Society.
Farnham, Quebec, Canada, February 22, 2008--Tarkett Residential said it will increase prices for its residential resilient.