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.
Atlanta, GA, March 1, 2007--Home Depot said it will pump $2.2 billion into improving its business this year even as it expects lower earnings and slim sales growth, partly because of a continued slump in the housing sector.
Dubai, Enited Arab Emirates, March 1, 2007--Office Furnishing Interior Solutions part of the Easa Saleh Al Gurg Group has signed a distribution deal with the third largest carpet manufacturers in the world, Beaulieu of America.
London, England, March 1, 2007--Three teams of private equity firms are considering bids for Home Depot's wholesale supply business, which could be worth around $11 billion.
Nebraska City, NE, February 28, 2007--The National Arbor Day Foundation has launched a new campaign in partnership with Alliance Flooring Inc., parent company of CarpetsPlus-Color Tile, to plant trees and preserve rain forest land.
Milwaukee, WI, February 28, 2007--Geo-Synthetics Inc., a Waukesha distributor and installer of erosion control products, has sold its chain of construction supply centers in North and South Carolina to a subsidiary of The Home Depot Inc.
Chicago, IL, February 28, 2007 -- The Chicago Purchasing Managers Index fell to 47.9 in February from 48.8 in January, suggesting a contraction in regional growth.
Washington, DC, February 28, 2007--Sales of new homes plunged 16.6% in January to a seasonally adjusted annual rate of 937,000, the Commerce Department reported Wednesday.
Neumarkt, Germany, February 28, 2007--Pfleiderer AG said it achieved the best results in its history, based on preliminary figures for the year 2006, and has slightly surpassed its guidance for the full year.
Washington, DC, February 28, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 23, 2007.
Washington, DC, February 28, 2007--The economy's now grown at a rate of less than 3% for three quarters in a row, government data show, after a significant downward revision to fourth-quarter estimates.