Floor and Decor Opening in Phoenix a Record Breake
Atlanta, GA, February 23--Floor and Decor Outlets of America opened its first Phoenix location last month, to what the company called record-breaking sales.
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.
Shaw Ends Flooring Program with Martha Stewart
New York, NY, February 24—-In an earnings report released yesterday, Martha Stewart Living Omnimedia Inc. revealed that the company has received unspecified revenues as a result of the dissolution of its Martha Stewart Signature flooring program with Shaw
Mirage Enters Texas Market with Hoboken Floors
Saint-Georges, Quebec, February 22--Mirage, a leader in prefinished hardwood flooring, today announced that Hoboken Floors will distribute the full Mirage product line from a new distribution facility scheduled to open in Dallas, Texas during the first qu
Update on Events At Forbo
Eglisau, Switzerland, February 23--The purchase of a 25% stake in Swiss flooring group Forbo by a former executive appears to be part of a mutiny that will likely scuttle takeover talks sparked by private equity interest, according to The Deal.com.
Chinese Timber Group Denies Smuggling Allegations
Beijing, China, February, 22--A Chinese timber distribution official on Tuesday rejected a report by overseas environmental groups that claims to expose the rampant smuggling of illegally-logged hardwood from Indonesia to China, according to Kyodo News.
FiberFloor Wins Woman's Day First HR Awards
Whitehall, PA, February 22--Tarkett Residential was named Best New Flooring by Woman’s Day Special Interest Publications’ Woman’s Day Home Remodeling & Makeovers in their first annual "Best New Product Awards."
Indonesian Police Arrest Illegal Loggers
Jakarta, Indonesia, February 22—-Police from the province of Papua have captured three suspects along with a barge full of smuggled timber in the Naramasa waters near Manokwari, according to the Jakarta Post.
NYT: May Suspends CEO Search
New York, NY, February 22--According to a report in the New York Times, May Department Stores said it has suspended its search for a new chief executive officer as merger talks with Federated Department Stores advanced.
Brascan Buys Weyerhaeuser's B.C. Coastal Group
Vancouver, BC--February 22--Weyerhaeuser Company reached a definitive agreement to sell its B.C. Coastal Group assets to Brascan Corporation of Toronto, Canada for approximately $1.2 billion ($970 million US), plus working capital.
Consumer Confidence Dips In February
New York, February 22--The Conference Board’s Consumer Confidence Index, after improving in January, dipped in February.