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.

CPSC & Shaw Recall Carpet Sold at Menards

Washington, DC, March 9--The U.S. Consumer Product Safety Commission in cooperation with Shaw Industries, today announced a voluntary recall of about 5,000 square yards of carpet sold exclusively to Menards.

Consumer Credit Up in January

Washington, DC, March 9--Consumer credit was up by $11.5 billion, or 6.6 percent annual rate, in January to a seasonally adjusted $2.12 trillion, according to Federal Reserve.

Kmart’s Q4 Earnings Up 14%

Troy, MI, March 9--Kmart Holding posted fourth quarter net earnings that were up 14 percent to $309 million, or $3.09 a share, from $270 million, or $2.78, in the same period of the prior year.

Quebec Homebuyers Set Sights on Larger Homes

Montreal, March 8--Residents of Quebec who plan to purchase a home within the next two years are more likely than all Canadians to purchase a bigger house (56 per cent). Nationally, 46 per cent of homebuyers intend to purchase a bigger home.

Homebuilder Ryland Sees Slowed Growth in 1Q

Calabasas, CA, March 8—-Homebuilder Ryland Group indicated that its earnings per share growth for the first quarter could be below Wall Street expectations because of delayed closings caused by bad weather in certain markets.

Chain Store Sales Off Last Week

New York, NY, March 8--Chain store retail sales fell 0.4 percent in the week ended March 5, the International Council of Shopping Centers and UBS said in a joint report.