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.

Manufacturing Spending Falls

New York, NY, Apr. 2--Manufacturing activity shrank in March for the first time in five months, suggesting that worries about a war in Iraq were holding the economy back.

U.S. Retail Sales View Slashed Due To War, Oil

New York, NY, April 1 -- U.S. retail sales will rise this year at their slowest pace in at least a decade -- a far slower pace than originally expected -- because the war in Iraq and high oil prices are crimping consumer and business spending, a trade gro

Shaw Buys Georgia Tufters

Dalton, GA, Apr. 25--Shaw Industries has acquired Georgia Tufters, a Calhoun, Georgia based, producer of tufted bathroom and scatter rugs. With sales of $40 million last year, Georgia Tufters was ranked 64th on Floor Focus’ list of the Top 100 floorcoveri

Home Depot’s Sales Up In ‘02

Atlanta, April 22—Home Depot’s fiscal year 2002 net sales rose 8.8% over 2001 to $58.2 billion from $53.6 billion. This increase was attributable to the 203 new stores opened during fiscal 2002 and full year sales from the 204 new stores opened during fis

Leading Economic Indicators Drop

New York, NY, April 21--A key indicator of future U.S. economic activity fell 0.2 percent in March, the Conference Board said Monday. The Index of Leading Economic Indicators measures where the overall U.S. economy is headed in the next three to six month

Housing Starts Jump

Washington, GA, Apr. 16--Housing starts rebounded unexpectedly strongly in March from a big drop in February, as persistently low mortgage rates maintained their appeal to homebuyers.

DuPont Negotiating To Sell DuPont Textile & Interi

Wilmington, DE, Apr. 14--DuPont is in negotiations with a third party regarding the possible sale of DuPont Textiles & Interiors (DTI). This disclosure is required to be included in the offering circular for DuPont's tender offer for the 24% of DuPont

Retail Sales Soar

Washington, DC, Apr. 11--U.S. retail sales rebounded with surprising strength in March, posting their strongest showing since the fall of 2001, according to the Commerce Department.

Sherwin-Williams Lowers First Quarter Estimate

San Francisco, CA, Apr. 7--Sherwin-Williams expects first quarter sales to be slightly below year earlier levels as a result of harsh weather in February and early March, but indicated its outlook for the full year remained unchanged.