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.

Nardelli Resigns, Blake Succeeds

Atlanta, GA, January 3, 2007--Home Depot's board of directors and Bob Nardelli said today that they have mutually agreed that Nardelli would leave his position as Home Depot's chairman, president & CEO and as a director effective January 2, 2007.

Pergo Receives Settlement in Witex Dispute

Trelleborg, Sweden, January 2, 2007--Pergo AB, said it has successfully settled the arbitration case initiated by the bankrupt estate of Witex AG against Pergo Holding BV in June 2004.

Solutia Unveils Updated Bankruptcy Plan

St. Louis, MO, December 29, 2006--Solutia on Thursday revealed an updated reorganization plan that includes a better deal for the bondholders: Their $455.4 million claim shifts from the general pool of unsecured debt to a special category entitling them t

Existing Home Sales Up 0.6%

Washington, DC, December 28, 2006--Sales of existing homes rose 0.6% in November, to a seasonally adjusted annual rate of 6.28 million, the National Association of Realtors said Thursday. Inventories of unsold homes fell 1%, to 3.82 million, representing

NAM: Economy Decelerating Toward Soft Landing

Washington, DC, December 27, 2006--“After slowing to a ‘below-potential’ pace in recent quarters, the economy will continue decelerating toward a ‘soft landing’ in the coming year,” said David Huether, chief economist for the National Association of Manuf

New Home Sales Up 3.4% in November

Washington, DC, December 27, 2006--Sales of new homes in November rose 3.4 percent to an annual pace of 1.047 million following a 1.013 million rate the prior month, which was faster than previously reported, according to a Commerce Department report.

Beaulieu Intros Coronet Soft Classics

Dalton, GA, December 26, 2006--Beaulieu of America has launched a new carpet collection called Coronet Soft Classics. The collection is positioned as the retailers’ new “Go To” Retail Profit And Selection Center.

Retailers Hoping for Post-Holiday Surge

New York, NY, December 26, 2006--Consumers are expected to troop back to retail stores Tuesday, looking to return ill-fitting apparel, cash in gift cards and take advantage of post-Christmas clearance discounts.