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.

Terra Blocks Launched as Low Cost Global Option

Toronto, ON, February, 25--First Canadian American Holding Corporation announced that its joint venture partner has developed unique decorative floor tile to enhance its low cost earth construction methods used around the world.

Double-Digit Profit Growth for U.S. Hotels in 2004

Atlanta, February 28--The typical U.S. hotel achieved an estimated 13.3 percent increase in profits in 2004, and is projected to enjoy another 14.1 percent boost to the bottom-line in 2005, according to the 2005 P&L Forecast published by PKF Hospitality R

U.K. Mosaics Firm Focusing on U.S.

Port Talbot, Wales, February 25--Mosaici has used computer-aided design to create a series of pattern templates for ancient mosaic tiles which simplifies the usually complex task of recreating 2,000 year-old Roman and Celtic designs, according to the West

Hurricane Rebuilding Pushes 2004 Home Improvements

Tampa, Florida, March 1--The active hurricane season helped drive spending on home improvement products to a new record high estimate of $271.4 billion in 2004, according to the Home Improvement Research Institute (HIRI).

WSJ: Federated & May Close to a Deal

New York, NY, February 25--The Wall Street Journal reported on Friday that the boards of Federated and May are scheduled to meet in the next two days to finalize terms of a possible merger.

Tom Ridge Named to Home Depot’s Board

Atlanta, GA, February 25--Tom Ridge, the former secretary of the Department of Homeland Security and former governor of Pennsylvania, was named to Home Depot Inc.'s board of directors, the home improvement retailer announced on Thursday.

Kronopol Opens Facilities For U.S. Distribution

Toronto, ON, February 25--Kronopol Marketing, the North American division of Kronopol, has opened facilities in Minneapolis and Tampa, Florida for the distribution of its laminate flooring products.

J.C. Penney Posts 4Q Profit

Plano, TX, February 24--J.C. Penney in the fourth quarter posted earnings that were up 30 percent to $333 million, or $1.17 a share. In the fourth quarter of 2003 the company reported a loss of $1.07 billion, or $3.42 a share.

Oregon Family Opens Retail Business

Newport, OR, Februbery 24--After 25 years experience installing flooring for other companies, Dave Weiss, together with his wife, Donna, and eldest son, Dave, decided it was time to put Dave's knowledge of the flooring business to work in a family-own

British Wool Intros 'Farmer Tom' Spokesman

London, England, February 24--British Wool has introduced a cartoon creation called "Farmer Tom" to highlight the connection between the British sheep farmer and the finished British Wool carpet, according to the Journal.