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.

Sears to Layoff 250 at its Headquarters

Hoffman Estates, IL, April 1--Sears plans a layoff of 250 workers at its headquarters in this Chicago suburb, according to a report filed with the state's Department of Commerce and Economic Opportunity.

Propex Announces Delay in Filing Annual Report

Austell, GA, April 1--Propex Fabrics Inc. announced that it will require additional time to complete the appraisal and revaluation of its assets under purchase accounting in connection with the company's acquisition on December 1, 2004.

Construction Springs Ahead—No April Fools’ Day Jok

Washington, D.C., April 1--The Associated General Contractors of America (AGC) commented on the value of construction put in place, which soared to a 13th consecutive record of $1.047 trillion at a seasonally adjusted annual rate, as reported today

Consumer Sentiment Off in March

Ann Arbor, MI, April 1--The University of Michigan said its final measure of consumer confidence fell to 92.6 in March from 94.1 in February, according to market sources who saw the subscription-only report.

U.K.'s Duralay on the Block

Lancashire, England, March 31—-The company which owns carpet underlay firm Duralay is on the market with a price tag of around £100m, according to the Manchester Evening News.

Saks May Be Contemplating Spin-Off

New York, March 31--Shares of Saks Inc. soared nearly 8 percent Wednesday amid a published report that said the department store operator plans to keep its Saks Fifth Avenue division and is lining up buyers for its regional mid-price department store grou