New York Attorney General Shuts Down Flooring Webs
Albany, NY, May 13--The state Attorney General's office has shut down the website of Beaverhome.com, a flooring company formerly in Niagara Falls.
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 Acquires Mexican DIY Chain
Atlanta, GA, May 13--Home Depot today announced it has signed a definitive agreement to acquire Home Mart, the second largest Mexican home improvement retailer.
Producer Prices Up
Washington, DC, May 13--U.S. inflation in the production pipeline stayed mild last month despite strong economic growth, validating the Federal Reserve's view that it will not need to raise interest rates rapidly this year.
Armstrong Wins Golden Hammer Award
Lancaster, PA, May 12--Armstrong Flooring, the leading manufacturer of resilient, hardwood, laminate and ceramic floor products for the professional and retail markets is a Golden Hammer Award winner for the third consecutive year.
Sears Sees Potential for 500 Sears Grand Stores
Hoffman Estates, IL, May 13--Sears, Roebuck and Co., which until now has announced plans for only five freestanding Sears Grand discount stores, now believes its new off-mall format has the potential for up to 500 locations.
Retail Sales Fall in April
Washington, DC, May 13--Retail sales retreated more than expected during April, pulled back by an auto sector decline.
Wal-Mart's Earnings Rise
Bentonville, AR, May 13--Wal-Mart on Thursday reported a 16% increase in earnings for the latest quarter on a 14% rise in sales.
Robert De Monaco, Karastan Veteran, Dies
New York, NY, May 11--Robert De Monaco, a veteran of the carpet industry for nearly half a century, including several decades with Karastan, has died on April 28.
Georgia Father & Son Charged in Flooring Scam
Gainsville, GA, May 12--Bond had not been paid late Tuesday for two men accused of racketeering in connection with an alleged flooring scam.
Survey: Homebuyers Spend $3,100 in First Year on I
Las Vegas, NV, May 12--On average, homebuyers spend $3,100 to improve a property within a year of moving into it, according to a study conducted by the nonprofit Home Improvement Research Institute.