Today's Flooring News

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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.

Lowe's CFO: Plenty of Room to Grow

Boston, MA, July 15-- Because Lowe's Cos. and its largest competitor have just 22% of the home improvement market share, there is plenty of room for the company to grow, Chief Financial Officer Bob Hull said.

Interceramic Sees Gains in 2nd Quarter

Chihuahua, Mexico, July 15--The second quarter of 2004 saw Interceramic posting significant improvements over second quarter results in 2003, and marking gains over a lackluster first quarter of the year as well.

Women Rug Designers Making a Mark

San Francisco, CA, July 15--An emerging set of female rug designers is creating vivid, painterly prints -- turning what's underfoot into unexpected art galleries, according to the San Francisco Chronicle.

Business Inventories Up in May

Washington, July 15--Businesses increased their stockpiles in May, but the inventory growth failed to keep pace with steadily rising demand.

Retail Sales Drop 1.1% in June

Washington, DC, July 14--Retail sales reversed course in June, taking a surprisingly sharp drop as the auto sector showed considerable weakness.

Producers Hike Nylon Prices

New York, NY, July 14--Rising benzene prices are putting pressure on nylon margins, forcing producers to increase prices. BASF, Rhodia and Bayer have raised the price of nylon-6 and nylon-6/6 resins by around 5-10%.

Linens 'n Things Cuts Outlook

Clifton, NJ, July 14--Home decor retailer Linens 'n Things Inc. cut its second-quarter profit forecast, mainly hurt by a decline in store traffic in May.

Shaw Living Expands Kathy Ireland Collection

Dalton, GA, July 14--At the Atlanta International Rug Market, Shaw Living is introducing impressive new additions to its best selling lines, Kathy Ireland Home Essentials and Kathy Ireland Home Gallery.