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.

Trade Deficit Narrowed in June

Washington, DC, August 14, 2007-- The trade deficit narrowed by 1.7% to $58.1 billion in June as exports set a record, according to the Commerce Department.

Karastan Revamps Installation Program

Dalton, GA, August 14, 2007--Since 1996, Karastan, in partnership with CFI, CEO, Jim Walker, has been combating the carpet industries’ biggest challenge - installation.

Mohawk Completes Columbia Asset Acquisition

Calhoun, GA, August 14, 2007--Mohawk Industries said it has completed the purchase of four wood flooring plants from Columbia Forest Products.

Chain Store Sales Down 0.9% Last Week

New York, NY, August 14, 2007--The International Council of Shopping Centers-UBS Retail Chain Store Sales Index was off 0.9% in the week ended August 11 from the prior week.

Producer Prices Up 0.6%

Washington, DC, August 14, 2007--The producer price index rose 0.6 % in July, following a 0.2% decline in June, according to the Labor Department.

Shanghai Eswell Signs Agreement with Välinge

Viken, Sweden, August 14, 2007--The Chinese wood producer Shanghai Eswell Timber has signed a global license with Välinge.

Home Depot 2Q Earnings Off 15%

Atlanta, GA, August 14, 2007—Home Depot in the second quarter reported net earnings that were off 15% to $1.6 billion, or $0.81 per share.

Congoleum 2Q Earnings Up on Lower Sales

Mercerville, NJ, August 10, 2007--Congoleum Corp. in the second quarter reported net income that rose 33% to $835,000 versus $626,000 in the second quarter of 2006.

LaGrange, GA, August 10, 2007--Milliken Carpet has launched Stimulus, a new way to achieve exciting and unique floorscapes of seemingly infinite variety while also eliminating design lines and pattern repeats.

Mullican Products “Verified Sustainable”

Johnson City, TN, August 9, 2007-- Mullican Flooring prefinished hardwood products have been verified as "sustainable" by the Appalachian Hardwood Manufacturers Inc.