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.

Federated Raises 2Q Outlook

Cincinnati, OH, May 16, 2006--Federated Department Stores raised its second-quarter financial forecast by $0.33 per share, due to a favorable tax settlement with the Internal Revenue Service.

Producer Prices Rise 0.9%

Washington, DC, May 16, 2006--Producer prices rose 0.9% in April, led by higher energy costs, but prices outside of energy were well contained, according to Labor Department data released Tuesday.

Housing Starts Off in April

Washington, DC, May 16, 2006--Housing starts fell 7.4% in April to a seasonally adjusted 1.85 million annualized units, according to the Commerce Department.

Dixie Cranks Up New Plant

Eton, GA, May 15, 2005--According to a the Chattanooga Times, the problem Dan Frierson had a year ago was one any CEO would envy--his carpet company, The Dixie Group, had too much business.

Domotex Middle East Sells Out

Dubai, United Arab Emirates, May 15, 2006--Domotex, Middle East, the specialist carpets and flooring trade show due to debut in Dubai this May, has sold out within just months of its launch.

Iran Loses Major Share of Carpet Market

Tehran, Iran, May 15, 2006--According to Tehran Times, lack of quality and production control has cost Iran an eighty percent loss in Afghanistan's carpet market, said a textile industry official.

Interface Rallies on Upgrade

New York, NY, May 15, 2006--Interface Inc., shares rallied on Monday, after brokerage Raymond James upgraded its rating on the company, calling a recent sell-off of its shares unjustified.