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.

Consumer Confidence Unexpectedly Falls

New York, NY, October 25, 2005 -- Already battered consumers have lost even more confidence in the economy during October as they contended with hurricanes, surging gasoline prices and worries about the job market.

Forbo 3Q Sales Up

Eglisau / Zurich, Switzerland, October 25, 2005—Forbo, in the first nine months of the current business year, recorded sales of CHF 1,266.6 million (US$ 986.7 million).

U.K.’s Carpetright Sees Falling Sales

Rainham, England, October 25, 2005— Britain's biggest carpet seller, Carpetright posted a 6.7% drop in first-half underlying sales on Tuesday as shoppers kept their wallets closed and higher spending on promotions trimmed margins.

Intellectual Property Lawsuit Worrying Chinese Lam

Beijing, China, October 25, 2005--Ni Zhengluo, a manager with Furen Laminate Flooring in East China's Fujian Province, is anxious about next year's sales to the United States because of an intellectual property rights infringement lawsuit filed ba

Economy Casts Cloud Over High Point

High Point, NC, October 24, 2005--Furniture and craft makers at a big trade show this week were cautiously optimistic that their industry can weather uncertain times as higher energy costs and rising interest rates threaten to constrain consumer spending

cmi Announces Joint Venture with AMS Imports

Pawtucket, RI, October 24, 2005--cmi (Colonial Mills, Inc.), a manufacturer of a complete line of braided-texture area rugs and accessories, has entered into a joint venture with AMS Imports, Inc. of Amherst, Massachussetts.

Spector: Asbestos Bill to See Senate Vote Early Ne

Washington, DC, October 24, 2005--Senate Majority Leader Bill Frist has pledged to bring a $140 billion asbestos trust fund bill to a vote early next year, one of the legislation's sponsors, Sen. Arlen Specter, said on Friday.

Nature Stone Franchise Opens in D.C.

Bedford, OH, October 25--Nature Stone founder and owner Russ Masetta today announced the opening of a Washington, D.C. franchise for its popular stone and epoxy flooring, its first in a major United States metropolitan area.

New Zealand Retailer in Receivership

Auckland, New Zealand, October 24, 2005—A retail flooring chain has gone under, but customers who have paid for materials are being promised their orders will be filled.