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.

Revenues Up For Tandus

Dalton, GA, Dec. 10--Tandus Group, Inc., which includes Collins & Aikman Floorcoverings, had third quarter revenues of $84.3 million compared to $82.4 million for the same period a year ago.

Canadian Lumber Tariff Hurts Consumers, Group Clai

Washington, D.C., December 6, 2002--American Consumers for Affordable Homes (ACAH) today called on the U.S. International Trade Commission (ITC) to focus on how trade distorting measures, particularly the 27% duties recently imposed on Canadian lumber imp

Armstrong Teams With Xign Payment Sevices

Pleasanton, CA, Dec. 9--Armstrong World Industries has selected the Xign Payment Services Network to automate its paper based accounts payable processes.

Home Depot Posts Third Quarter Net Gains

Atlanta, GA, Dec. 6, 2002--Home Depot’s net sales for the third quarter of fiscal 2002 increased 8.9% to $14.5 billion from $13.3 billion for the third quarter of fiscal 2001.

Unemployment Rate Surges In November

Washington, D.C., Dec. 6, 2002--The nation's unemployment rate unexpectedly shot up to 6% in November, the highest level since a peak almost nine years ago when the country was struggling to emerge from the last recession.

Mortgage Rates Move Higher For Third Week

Washington, D.C., Dec. 6, 2002--Mortgage rates around the country moved up for the third week in a row, with rates on 30-year mortgages climbing to their highest level since late October.

Home Depot To Combine Two Operating Divisions

Atlanta, GA, Dec. 5, 2002--Home Depot, streamlining operations to compete better with Lowe's, said it would combine two regional store divisions.

Sears’ November Same Store Sales Drop 10.9%

Hoffman Estates, IL, Dec. 5, 2002--Sears, Roebuck and Co., the fourth largest U.S. retailer, on Thursday posted a 10.9% drop in November sales at U.S. stores open at least one year.

Federated Anticipates A Slow Holiday Season

Cincinnati, OH, Dec. 4, 2002--Retailer Federated Department Stores Inc. today reported a 7.4 percent drop in November sales at stores open at least one year, and it forecast sales for the critical holiday period at the lower end of its expectations

Nuheat Sets Sights On U.S. Market

Vancouver, CANADA, Dec. 4, 2002--Vancouver based Nuheat, a manufacturer of radiant heating mats, is targeting the U.S. for expansion.