Today's Flooring News

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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.

Consumer Sentiment Index Falls

New York, Feb 27--U.S. consumer sentiment fell sharply in February, as Americans turned cautious about the U.S. economy that has been hampered by sluggish jobs growth, according to a survey released on Friday.

Kohl's 4Q Profit Off 12%

Menomonee Falls, WI, Feb. 27--Kohl's Corp. reported a 12% drop in fiscal fourth-quarter net income, hurt in part by weaker sales at stores open at least a year.

Mattsson Resigns From Tarkett

Farnham, Quebec, Feb. 27--Tarkett announced today that Ulf Mattsson has resigned as President and CEO of Tarkett Inc. to pursue other interests.

Home Depot Increases Share Repurchase Program

Atlanta, GA, Feb. 27-- Home Depot's board of directors declared a quarterly cash dividend of seven cents per share and an increase in its authorized share repurchase program of $1 billion.

GDP Up 4.1% in 4th Quarter

Washington, D.C., Feb. 27--The U.S. economy was a bit stronger in the final three months of 2003 than earlier projected as the government raised its estimates on spending by consumers and businesses.

New-Home Sales Off

Washington, DC—Feb. 26--Demand for new homes fell to the lowest level in eight months in January, but sales didn't drop as far as analysts expected.

Foam Products Extends Warranties

Calhoun, GA, Feb. 29--Foam Products Corporation announces that on all Sta-Put polymeric foam non-skid area rug pads the warranty will be for the life of the rug.

Durable Goods Orders Drop

Washington, DC, Feb. 26--Durable goods orders tumbled in January amid the largest drop in transportation equipment demand since 2002.

Jobless Claims Up

Washington, DC, Feb. 26--Initial jobless claims climbed by 6,000 last week to a seasonally adjusted 350,000, the Labor Department reported Thursday.