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
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.
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.
Linens ‘n Things Shareholders Approve Apollo Merge
Clifton, NJ, February 1, 2006--Linens 'n Things Inc. shareholders voted on Monday to approve the acquisition of the retailer by Apollo Management, L.P.
Propex Fabrics Completes SI Acquisition
Austell, GA, February 1, 2006--Propex Fabrics Inc. announced the completion of its acquisition of SI Concrete Systems Corporation and SI Geosolutions Corporation.
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.