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.

West Point Stevens Acquired for $703M

West Point, GA, June 27--West Point Stevens has been bought by American Real Estate Holding LP for $703 million, according to a filing with the Securities and Exchange Commission.

Adams Named Macy Home Chairman

Cincinnati, OH, June 27--Federated Department Stores named Timothy M. Adams chairman of Macy's Home Store, replacing Eric Salus, who resigned the position to pursue other interests.

Durable Goods Orders Jump 5.5%

Washington, DC, June 24—-Orders for durable goods in May increased 5.5%, according to the Commerce Department. It was the biggest increase since March 2004.

New Home Sales Up 2.1% in May

Washington, DC, June 24--New home sales rose 2.1% in May to a 1.298 million seasonally adjusted annual rate, according to the Commerce Department.

Macy's Home Store Chairman Resigns

Cincinnati, OH, June 24--Federated Department Stores on Thursday said Macy's Home Store division chairman Eric Salus is resigning and named Timothy M. Adams to take his place, effective July 25.