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.

Louisiana-Pacific 2Q Earnings Off

Nashville, TN, July 27, 2006--Building products maker Louisiana-Pacific Corp., said its second-quarter profit fell, because of lower pricing for key building materials.

California Brothers Prosper in the Rug Business

Modesto, CA, July 25, 2006--Jay and Jack Mitri didn't know anything about rugs when they started selling them at flea markets 18 years ago. Now they own two stores and are considered rug experts.

UK’s United Carpets Earnings Off

London, England, July 19, 2006--United Carpets Group plc, a chain of specialist retail carpet and floor cover stores in the UK, reported a drop in pretax profit for the year to end-March after reducing its opening program.

U.S. Buys 22% of Iranian Carpet Exports

Tehran, Iran, July 19, 2006--The U.S. was among Iran's major importers of Persian carpet in the first quarter of the current Iranian fiscal year of 1385 (started on March 21).

Chain Store Sales Off Last Week

New York, NY, July 18, 2006--Chain store retail sales fell 0.6 percent in the latest week as warmer-than-normal weather and high gasoline prices kept shoppers at home, a retail report said on Tuesday.

Trade Deficit Widens

Washington, DC, July 12, 2006--The trade deficit widened by 0.8% in May to $63.8 billion as both imports and exports set monthly records, the Commerce Department said Wednesday

Williams-Sonoma Trims Q2 Guidance

San Francisco, CA, July 11, 2006--Williams-Sonoma on Tuesday cut its quarterly revenue forecast on disappointing sales at its Pottery Barn chain, and said its chief executive officer was retiring this week.

Retail Sales Growth Stalls in June

New York, NY, July 6, 2006--Retail sales growth stalled in June, leaving merchants wondering whether shoppers who were resilient for much of the year are now curbing their spending because of higher gas prices.

Mediterranea Intros Tantra

Doral, FL, July 6, 2006--Mediterranea, a multi-national tile firm and producer of ceramic and porcelain tile with a creative element, presents its latest fully rectified glazed porcelain collection: “Tantra.”