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, NY, February 24—-In an earnings report released yesterday, Martha Stewart Living Omnimedia Inc. revealed that the company has received unspecified revenues as a result of the dissolution of its Martha Stewart Signature flooring program with Shaw
Horsham, PA, February 23—-Luxury homebuilder Toll Brothers reported quarterly earnings that were up 120 percent, boosted by continued demand for high-end homes.
Wellington, New Zealand, February 23--Carpet maker Feltex Carpets Ltd. reported a 7.1% rise in net profit for the first half of its fiscal year despite a fall in revenue, and said the lift came as it shifted its product mix toward higher margin carpets.
Eglisau, Switzerland, February 23--The purchase of a 25% stake in Swiss flooring group Forbo by a former executive appears to be part of a mutiny that will likely scuttle takeover talks sparked by private equity interest, according to The Deal.com.
Atlanta, GA, February 23--Floor and Decor Outlets of America opened its first Phoenix location last month, to what the company called record-breaking sales.
Pocatello Idaho, February 23--At a time when the spread of big box stores is forcing other family owned businesses to close, the floor covering business which Charles H. Bohrer started in 1923 is competing for contracts throughout the nation.
Vancouver, BC--February 22--Weyerhaeuser Company reached a definitive agreement to sell its B.C. Coastal Group assets to Brascan Corporation of Toronto, Canada for approximately $1.2 billion ($970 million US), plus working capital.
New York, February 22--The Conference Board’s Consumer Confidence Index, after improving in January, dipped in February.
Beijing, China, February, 22--A Chinese timber distribution official on Tuesday rejected a report by overseas environmental groups that claims to expose the rampant smuggling of illegally-logged hardwood from Indonesia to China, according to Kyodo News.
Whitehall, PA, February 22--Tarkett Residential was named Best New Flooring by Woman’s Day Special Interest Publications’ Woman’s Day Home Remodeling & Makeovers in their first annual "Best New Product Awards."