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.

Wholesale Sales and Inventories Up

Washington, DC, October 10, 2005—Wholesale sales increased 1.3% in August, for the the fastest gain since April, according to the Commerce Department.

Shaw Announces Lineup of 2006 Winter Markets

Dalton, GA, October 6, 2005--Continuing its objective of showcasing new products and retail programs to customers through regional markets, Shaw Industries has announced its schedule of winter shows to be held in January and February of 2006.

S&P Downgrades Ratings on Mohawk

New York, NY, October 10, 2005-- Standard & Poor's Ratings Services on Friday lowered its corporate credit rating and unsecured debt ratings on Mohawk Industries Inc. to BBB- from BBB+.

UK’s Victoria Issues Earnings Warning

London, England, October 7, 2005 -- Shares in carpet maker Victoria came under pressure after it warned that that full-year profits are likely to be "significantly lower" than current market expectations, according to a report from ShareCast.

Foam Shortage Hits Furniture Makers

New York, NY, October 6, 2005--The nation's furniture makers, already hurt by sluggish retail sales this year, now must contend with a supply shortage that might slow deliveries and dent profits.

Former Owners of Ohio Flooring Retailer Face Tax C

Columbus, OH, October 6, 2005--A federal grand jury in Columbus handed up a seven-count indictment Wednesday alleging tax evasion, conspiracy to commit tax fraud and filing false income tax returns against the company's former owners and their associa