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.

Ex-Kmart CEO, CFO Charged by SEC

Troy, MI, August 24--The Securities and Exchange Commission on Tuesday filed civil charges against two former Kmart executives, accusing them of making "materially false and misleading" disclosures to shareholders before the retailer's 2002 bankruptcy

Durables Goods Orders Off 4.9%

Washington, DC, August 24--Orders for durable goods dropped 4.9 percent in July, for the biggest decline since January 2004, after a 1.9 percent rise in June, according to a Commerce Department report.

Forbo Reports First Half 2005 Results

Eglisau, Switzerland, August 23--In the first half-year 2005, Forbo achieved net sales of CHF 829.4 million, (US$652.9 million) compared to the previous year's CHF 827.0 million (US$651.3 million).

Glennon Named CEO at Master Tile

Houston, TX, August 23--Master Tile appointed Bobby Glennon as Chief Executive Officer. Mr. Glennon's leadership will drive Master Tile's national expansion in the ceramic tile and stone distribution business.

Swiffer National Launch Calls Attention to Mohawk

Dalton, GA, August 23--Mohawk’s participation in the national launch of a new Swiffer product promotes the Mohawk brand and makes it easy for consumers to locate nearby retailers who carry Mohawk products.

Homanit Likely to Abandon Polish Expansion

Herzberg, Germany, August 23--German wood fibre board manufacturer Homanit is likely to abandon its plans to invest EUR80m in the Polish city of Karlino because it is having trouble obtaining raw materials.

Pier 1 Warns of Larger 2Q Loss

Fort Worth, TX, August 23--Pier 1 Imports has cut is second quarter outlook and said it expects a larger than expected loss during the quarter.