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.

Home Depot Boosts Buyback to $10B

Atlanta, GA, May 26--Home Depot said it has expanded its share-repurchase program by $1 billion to a total of $10 billion.

Bill Clinton A Carpetmaker?

New Delhi, India, May 26--He is a former US president, statesman and a politician, but did you know that Bill Clinton knows a thing or two about carpet making?

Help-Wanted Ad Index Unchanged

New York, NY, May 26--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America's job market – was unchanged in April.

Ohio Retailer Indicted on Theft Charges

Lancaster, OH, May 26--A former Millersport business owner faces 21 counts of theft, including three against senior citizens, according to the Lancaster Eagle Gazette.

NJ Governor Proposes Tax on Flooring Installations

Trenton, NJ. May 26--Acting New Jersey Gov. Richard J. Codey wants to cut hikes on existing sales and property taxes and impose new fees on services including flooring installation.

Federated & May Schedule Shareholder Votes

Cincinnati, OH, May 26--Federated and May Department Stores have set dates for shareholder meetings this summer at which they will seek endorsement of a planned $11 billion merger.

Issaquah, WA, May 26--Costco Wholesale Corp. reported earnings for its third quarter that increased 6 percent, helped by improved sales and a moderate gain in business at locations open at least one year.

Texas Contractor Makes Entrepreneur Magazine's

Fort Worth, TX, May 26—-Commercial flooring and installation company Business Flooring Specialists of Ft. Worth has been named to the Entrepreneur magazine's "Hot 100" list of fastest growing new businesses in America.

Lowe's & NAR Partner for Home Buyers and Selle

Mooresville, NC, May 25--More than half (52%) of recent home buyers make improvements to their homes within the first year, according to a 2004 survey by the Home Improvement Research Institute (HIRI).

New Gaskell Carpet Business Acquires Hugh Mackay

Lancashire, England, May 25--With the recent demise of Gaskell plc and the closure of Hugh Mackay Carpets’ Durham factory, it looked as though two of the biggest and best known brands in the carpet industry might disappear.