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.

Ex-Kmart CEO, CFO Charged by SEC

Troy, MI, August 24--The Securities and Exchange Commission on Tuesday filed civil charges against two former Kmart executives, accusing them of making "materially false and misleading" disclosures to shareholders before the retailer's 2002 bankruptcy

Swiffer National Launch Calls Attention to Mohawk

Dalton, GA, August 23--Mohawk’s participation in the national launch of a new Swiffer product promotes the Mohawk brand and makes it easy for consumers to locate nearby retailers who carry Mohawk products.

Williams-Sonoma 2Q Earnings Up 12%

San Francisco, August 23—-Retailer Williams-Sonoma reported second-quarter net earnings that rose 12% to $30.8 million, or $0.26 a share, from $27.6 million, or $0.23, a year ago.

Homanit Likely to Abandon Polish Expansion

Herzberg, Germany, August 23--German wood fibre board manufacturer Homanit is likely to abandon its plans to invest EUR80m in the Polish city of Karlino because it is having trouble obtaining raw materials.

Pier 1 Warns of Larger 2Q Loss

Fort Worth, TX, August 23--Pier 1 Imports has cut is second quarter outlook and said it expects a larger than expected loss during the quarter.

Chain Store Sales Fall For Third Straight Week

New York, NY, August 23--Chain store retail sales fell for the third consecutive week, as retailers felt the effects of consumers cutting back on spending due to record high gasoline prices, a retail report said on Tuesday.

Forbo Reports First Half 2005 Results

Eglisau, Switzerland, August 23--In the first half-year 2005, Forbo achieved net sales of CHF 829.4 million, (US$652.9 million) compared to the previous year's CHF 827.0 million (US$651.3 million).

Albuquerque to Host NAHB’s 2006 National Green Bui

Washington, DC, August 22--Home builders eager to expand into one of the fastest-growing segments of the new-homes market will gather in Albuquerque, N.M., to network and learn at the 2006 National Green Building Conference, March 12-14.