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.

Home Depot to Spend $2.2B on Improvements

Home Depot to Spend $2.2B on Improvements

Atlanta, GA, March 1, 2007--Home Depot said it will pump $2.2 billion into improving its business this year even as it expects lower earnings and slim sales growth, partly because of a continued slump in the housing sector.

Beaulieu’s Recycling Efforts Score in UAE

Dubai, Enited Arab Emirates, March 1, 2007--Office Furnishing Interior Solutions part of the Easa Saleh Al Gurg Group has signed a distribution deal with the third largest carpet manufacturers in the world, Beaulieu of America.

Private Equity Groups Eyeing HD Supply

London, England, March 1, 2007--Three teams of private equity firms are considering bids for Home Depot's wholesale supply business, which could be worth around $11 billion.

CarpetsPlus-ColorTile Partners With Arbor Day

Nebraska City, NE, February 28, 2007--The National Arbor Day Foundation has launched a new campaign in partnership with Alliance Flooring Inc., parent company of CarpetsPlus-Color Tile, to plant trees and preserve rain forest land.

Waukesha Sells Distribution Unit to Home Depot

Milwaukee, WI, February 28, 2007--Geo-Synthetics Inc., a Waukesha distributor and installer of erosion control products, has sold its chain of construction supply centers in North and South Carolina to a subsidiary of The Home Depot Inc.

Chicago PMI Falls in February

Chicago, IL, February 28, 2007 -- The Chicago Purchasing Managers Index fell to 47.9 in February from 48.8 in January, suggesting a contraction in regional growth.

New Home Sales Plunge 16.6%

Washington, DC, February 28, 2007--Sales of new homes plunged 16.6% in January to a seasonally adjusted annual rate of 937,000, the Commerce Department reported Wednesday.

Pfleiderer Announces Record 2007 Results

Neumarkt, Germany, February 28, 2007--Pfleiderer AG said it achieved the best results in its history, based on preliminary figures for the year 2006, and has slightly surpassed its guidance for the full year.