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.

Trade Deficit is 5th Largest Ever

Washington, D.C., August 10. 2006--Though still the fifth largest ever, the U.S. trade deficit improved slightly in June as record sales of U.S. farm products and other exports blunted the impact of soaring crude oil prices.

Lowe's Responds to Chicago 'Big-Box' L

Chicago, IL, August 9, 2006--Lowe's has put plans for two home-improvement centers in Chicago on hold in the wake of the city's new "big-box" minimum-wage ordinance, following similar steps taken by Wal-Mart and Target, a developer and alderman sa

The Fed Takes a Break

Washington, DC, August 8, 2006--After 25 months and 17 straight meetings with a quarter-percentage point rate hike, the Federal Open Market Committee decided to hold rates steady at its meeting Tuesday.

Hot July is Tepid for Small Business

Washington, DC, August 8, 2006--Scorching temperatures received lots of attention in July, but things were not so hot for the nation's small-business owners.

UK’s Carpetright 1Q Sales Off

London, England, August 8, 2006--The U.K's biggest retailer of carpet and floor coverings, Carpetright PLC said like-for-like sales in the U.K and Republic of Ireland fell 0.3% in the first quarter, due to unseasonably warm weather.

Editor Calls for Inquiry into Feltex

Auckland, NZ, August 7, 2006--Small shareholders have been burned again. Sunday Star Times business editor Tim Hunter wants the Securities Commission to investigate what went wrong at Feltex.

Louisville Wood Floors Created

Louisville, KY, August 3, 2006--John Stern, formerly of Kentucky Wood Floors, announced the creation of a new company called Louisville Wood Floors, created to provide the specifiers with a broad selection of specialty hardwood flooring and accessories.

Retailers Post Solid Sales in July

New York, NY, August 3, 2006--Retailers posted solid July sales growth sent consumers back into the stores. The outlook for the back-to-school season however remains uncertain as higher gasoline prices and rising interest rates are still expected to chall