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.
London, England, Oct. 28, 2008--Carpetright, Britain's biggest floor covering retailer, said it has become more cautious about annual profit forecasts after a difficult October and expected slow sales to continue for at least 18 months.
Washington, DC, Oct. 28, 2008--Mortgage lenders have helped nearly 2.5 million homeowners avoid foreclosure since the mortgage meltdown began more than a year ago.
Dallas, TX, Oct. 28, 2008--Motel 6 plans to use wood-effect laminate flooring in its new Phoenix Prototype and property renovations rather than carpet.
Fairlawn, OH, Oct. 28, 2008--Omnova Solutions said that on Oct. 27 it was notified by the New York Stock Exchange that it has 18 months to achieve compliance with the NYSE's continued listing standards.
Middle River, Nova Scotia, Canada, Oct. 28, 2008--A Cape Breton company that makes hardwood flooring is cashing in on the increased demand for wood pellets, used for heating.
Stuttgart, Germany, Oct. 27, 2008--Pfleiderer AG and IBM signed a seven-year outsourcing contract.
Columbus, Ohio, Oct. 28, 2008--Value City Department Stores, known for generations as a closeout retailer, is going out of business.
Dalton, GA, Oct. 27,2008--Shaw Industries has received a Corporate Environmental Award from the Georgia chapter of the Air and Waste Management Association (AWMA).
Kennesaw, GA, Oct. 27, 2008--The Mohawk Group's Chicago showroom has achieved gold-level certification from U.S. Green Building Council's LEED program for commercial interiors.
Singapore, Oct. 27, 2008--Oil prices fell to 17-month lows at $63 a barrel Monday in Asia as investors weighed Friday's OPEC output cut against growing evidence of a severe global economic slowdown that would undermine crude demand.