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.

Speedheat Intros woodBEwarmer

Atlanta, GA, February 2, 2006--As interest in floor heating continues to warm up in the U.S., progressive flooring retailers are exploring new ways to profitably offer “add on” heating products for

Lowe's to Buy Back Added $1B in Stock

Mooresville, NC, February 2, 2006--Home improvement retailer Lowe's Cos. said Wednesday its board has approved an increase in its current share repurchase program of up to $1 billion.

Stanley Furniture 4Q Earnings Up 3%

Stanleytown, VA, February 1, 2006--Stanley Furniture Co., said Monday that its fourth-quarter profit increased 3 percent, beating its own forecast, though sales declined.

Mohawk Opens $70M Spinning Plant

Houston, TX, February 1, 2006--Researched by Industrialinfo.com. Mohawk Industries Incorporated has opened a new $70 million yarn spinning plant.

Anso’s Newest, ColorSolutions

Las Vegas, February 2, 2006--Anso nylon, a premium brand of Shaw Industries External Fiber Sales and Marketing, presents its latest nylon technology: Anso ColorSolutions® nylon.

Fed Raises Rates on Greenspan's Last Day

Washington, DC, February 1, 2006—The Federal Reserve raised interest rates a 14th straight time, suggesting a 19-month campaign was near an end while saying higher borrowing costs may yet be needed.

Chain Store Sales Off Last Week

New York, NY, February 1, 2006--Chain store sales fell last week, posting their second pronounced weekly decline in a month, according to a report on Tuesday.

Consumer Confidence Up in January

New York, NY, February 1, 2006--The Conference Board said that its consumer confidence index rose to 106.3, the highest level since June 2002, when the reading was also 106.3.