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.

Toll Bros CFO Sees No Housing Bubble

Horsham, PA, June 9--Homebuilder stocks have been on a tear, with housing and real estate prices soaring in many parts of the country, but Joel Rassman doesn't think the industry faces a speculative bubble.

Ekowood of Malaysia Targets New Markets

Selangor, Malaysia, June 9--Ekowood International Bhd, a hardwood flooring manufacturer, expects sales to grow between 15 and 20 per cent this year with major contribution coming from new markets including West Asia and China, according to the Business Ti

Revalued China Currency May Impact U.S.

New York, NY, June 8--Sometimes you must be careful what you wish for. That may end up being the case with the United States' push to get China to revalue its currency.

Herman Miller Sees Growth in Technology

Zeeland, MI, June 8--Herman Miller Inc. is outperforming most of its rivals in the office furniture market, but the company is betting that it can grow in areas that have little to do with high-end chairs and tables.

Sears Reports Loss in First Quarter

Hoffman Estates, June 8—-Sears Holdings posted a loss in its fiscal first quarter. The company said that retail sales tumbled as consumers shunned lawn and garden goods and lightweight apparel because of soggy and chilly weather.

Furniture Brands To Close Plants

St. Louis, MO, June 8-- Furniture Brands International Inc., the nation's largest residential furniture company, said Tuesday that it will cut about 1,250 jobs as it closes four plants in North Carolina and imports more of its goods.

Steuler Focuses on US Market

Mühlacker, Germany, June 8--One of Europe’s leading manufacturers of high-quality, high-design ceramic tile materials, has set its sights on the United States marketplace.