Today's Flooring News

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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.

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.

Costco 3Q Earnings Up 6%

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.

Remodeling Market Grew In 1Q

Washington, DC, May 25--Remodeling activity showed strong growth in the first quarter of 2005, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI).

Median Housing Values Continue to Rise, Census Bur

Washington, DC, May 26--As median home values across the nation continue to rise, so has the proportion of homes valued at $1 million or more, according to a new analysis of American Community Survey (ACS) data released by the U.S. Census Bureau.