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.

Pergo Signs New Credit Facility Agreements

Trelleborg, Sweden, July 12--Pergo said this morning that it has signed a new long-term credit facility agreements with Swedbank (FöreningsSparbanken AB (publ)), HSH Nordbank AG, Copenhagen Branch, and Nordea Bank AB.

Table of June Retail Sales

New York, NY, July 9—Yesterday a host of the nation’s largest retailers reported their sales results for June. Listed below are June sales and sales for the fiscal year to date reported those leading retailers.

Wholesale Inventories Rise

Washington, DC, July 9--Wholesale inventories ballooned in May as stockpiles of durable goods racked up the biggest gain in over four years.

UBS Reiterates Mohawk’s Buy Rating

New York, NY, July 9-- In a research note published yesterday, analysts at UBS reiterate their "buy" rating on Mohawk. The target price has been raised from $98 to $100.

FieldTurf Looking Toward IPO

New York, July 8—According to CNN/Money, NFL greats Troy Aikman and Warren Moon never played on it, but they each have a piece of it, and you may be able to buy in soon too.

Collins & Aikman Sees 2nd Quarter Profit

Troy, MI, July 9—Automotive carpetmaker Collins & Aikman Corp., said it expects to post a second-quarter operating profit of $21 million to $27 million after restructuring costs.

Manufacturing Recovery Gaining Momentum

New York, July 9--The recovery in U.S. manufacturing appears to be gaining momentum, as a survey of the nation's top manufacturers on future business activity, including orders, shipments and investment, reached a record for the third-straight quarter

Minuteman and Hako-Werke to Merge

Addison, IL, July 9-- Minuteman International, Inc. the floor-care equipment and chemical manufacturer, announced today that it has entered into a definitive merger agreement with Hako-Werke International.

Consumer Borrowing Rises

Washington, DC, July 9-- Americans stepped up their borrowing in May as an improving jobs market and growing economy gave consumers more confidence to take on debt.

EPA Says DuPont Violated Reporting Rules

Washington, DC, July 8--The U.S. Environmental Protection Agency accused DuPont & Co. (DD) of violating federal reporting requirements related to the potential health risks of a chemical used in the manufacture of Teflon.