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.
New York, June 2—-Some of the nation’s top retailers reported results for May. Wal-Mart confirmed that May sales rose 2.5 percent at its U.S. stores open at least a year, with demand for groceries making up for sluggish sales of summer merchandise.
St. Louis, MO, June 2--Solutia Inc. today announced it has reached agreement with its lenders to amend its debtor-in-possession (DIP) financing, pending approval by the U.S. Bankruptcy Court.
Washington, DC, June 2--The Pending Home Sales Index, a leading indicator for the housing market, has risen to the highest level on record, according to the National Association of Realtors.
Washington, DC, June 2--Demand for new factory goods increased 0.9% in April, the fastest gain in five months, the Commerce Department reported Thursday.
Lindon, UT, June 2--Electric Aquagenics Unlimited and its joint venture partner, American MoldGuard, have launched Zero Plus, Inc., a Safe Living Initiative incorporating EAU's Empowered Water as a new cleaning technology for carpet and living surface
Sydney, Australia, June 1--Boral today announced that it has invested around $21 million to acquire the Davis & Herbert (D&H) timber operation and the hardwood business of Fennings Timber.
Red Bank, NJ, June 1--Luxury home builder Hovnanian Enterprises reported earnings in the second fiscal quarter that rose about 50 percent, driven by higher home prices and greater market penetration.
Cleveland, OH, June 1--Sherwin-Williams's president and chief operating officer, Joseph M. Scaminace, resigned Tuesday after 22 years with the nation's largest paint maker to take the top post at OM Group Inc., a specialty chemical manufacturer.
Mooresville, NC, June 1--Lowe's announced today that senior executive vice president of merchandising/marketing, Dale C. Pond, plans to retire effective June 30.
New York, June 1--Chain store retail sales fell in the last week, taking the index to its lowest reading in nine weeks as cooler weather curbed consumers purchases of seasonal goods, a retail report said on Wednesday.