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.

Simply Floored Offers New Online Resources

Atlanta, GA, February 20, 2006 -– Simply Floored now offers consumers a variety of online resources for learning about home flooring options and selecting the right type of flooring for their lifestyle and design preferences.

Feltex IH Earnings Drop

Wellington, New Zealand -- Troubled carpet maker Feltex has reported a drop in first-half profit of nearly 200 per cent, but was cautiously optimistic about its outlook following a drastic restructure.

Federated Selling 15 Stores

Cincinnati, OH, February 17, 2006--Federated Department Stores said Friday it has agreed to sell 15 department stores located in Maryland, Ohio, Connecticut and California to Australian real estate conglomerate Westfield Group.

New Zealand’s Cavalier 1H Earnings Off

Wellington, New Zealand, February 17, 2006--Textiles and carpet maker Cavalier Corp. Ltd., Friday posted a sharply lower fiscal first half net profit due to "softer and challenging conditions" faced by the company's carpet and wool businesses.

Bernanke: U.S. Assets Safe in China

Washington, DC, February 17, 2006—Fed Chairman Ben Bernanke, barraged with lawmakers' questions on Thursday over rising foreign ownership of U.S. assets, played down fears that China held enough dollars to endanger the U.S. economy.

Carpet Expo 2006 Begins Tomorrow in India

Bhadohi, India, February 17, 2006--Over 300 carpet exporters and importers from India and abroad will participate in the three-day 'Carpet Expo 2006' at New Delhi's Pragati Maidan from tomorrow, according to Business Line.

Union Felt Products Fined for Health and Safety Vi

Toronto, Ontario, February 17, 2006--Union Felt Products Inc., a manufacturer of carpet underlay and other padding, was fined $70,000 today for a violation of the Occupational Health and Safety Act that resulted in a serious hand injury to an employee.

Architecture Billings Index Up in January

Washington, DC, February 17, 2006--The Architecture Billings Index (ABI), a leading economic indicator of nonresidential construction activity, was positive in January for the twelfth consecutive month, and fourteen out of the last fifteen months.