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.

Interceramic Sees Gains in 2nd Quarter

Chihuahua, Mexico, July 15--The second quarter of 2004 saw Interceramic posting significant improvements over second quarter results in 2003, and marking gains over a lackluster first quarter of the year as well.

Lowe's CFO: Plenty of Room to Grow

Boston, MA, July 15-- Because Lowe's Cos. and its largest competitor have just 22% of the home improvement market share, there is plenty of room for the company to grow, Chief Financial Officer Bob Hull said.

Linens 'n Things Cuts Outlook

Clifton, NJ, July 14--Home decor retailer Linens 'n Things Inc. cut its second-quarter profit forecast, mainly hurt by a decline in store traffic in May.

Shaw Living Expands Kathy Ireland Collection

Dalton, GA, July 14--At the Atlanta International Rug Market, Shaw Living is introducing impressive new additions to its best selling lines, Kathy Ireland Home Essentials and Kathy Ireland Home Gallery.

Retail Sales Drop 1.1% in June

Washington, DC, July 14--Retail sales reversed course in June, taking a surprisingly sharp drop as the auto sector showed considerable weakness.

Producers Hike Nylon Prices

New York, NY, July 14--Rising benzene prices are putting pressure on nylon margins, forcing producers to increase prices. BASF, Rhodia and Bayer have raised the price of nylon-6 and nylon-6/6 resins by around 5-10%.

Solutia Explores Sale of Pharmaceutical Business

St. Louis, July 14--The European subsidiary of bankrupt chemicals concern Solutia Inc. has tapped an investment banking firm to help explore the possible sale of its pharmaceutical services business.