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.

Sears Lowers 2Q Guidance

Sears Lowers 2Q Guidance

Hoffman Estates, IL, August 13, 2007--Sears Holdings narrowed its second-quarter earnings guidance, in part due to higher markdowns and a drop in Kmart and Sears domestic same-store sales.

Hovnanian Expects 3Q Charges

Hovnanian Expects 3Q Charges

Red Bank, NJ, August 13, 2007--Hovnanian Enterprises said it anticipates large charges for land impairments and writeoffs in the third quarter due a continued slowdown in home sales and pricing in certain areas.

U.S. Sanctions Don't Worry Iran's Carpet Company

Tehran, Iran, August 13, 2007--Iran's carpet industry does not fear possible U.S. sanctions against one of the country's main export earners as buyers would be able to circumvent such an import ban, a senior executive said.