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.

Scottish Carpet Maker Stoddard’s Losses Double

Glasgow, Scotland, Apr. 30--Embattled Scottish carpet manufacturer Stoddard International yesterday announced that its underlying annual losses had doubled from £3.1m to £6.2m--as it filed its 2003 results on the last day it could have to comply with stoc

Armstrong Reports First Quarter Results

Lancaster, PA, Apr. 29--Armstrong Holdings, Inc. today reported first quarter 2004 net sales of $845.0 million, a 9.0% increase over first quarter net sales of $774.9 million in 2003.

Dow Chemical to Cut 3,000 Jobs

Midland, MI, Apr. 30--Moving forward with a long-term cost reduction plan, Dow Chemical Co. said Thursday it would cut 3,000 jobs globally this year.

Georgia Pacific Posts Profit

Atlanta, GA, Apr. 29--Forest and consumer products company Georgia-Pacific Corp. on Thursday reported a first-quarter profit, reversing a year-ago loss, as prices for lumber and structural panels surged.

Alloc & City of Racine in Land Dispute

Racine, WI, Apr. 29--Alloc has sharpened its threats to reduce future investments here if the city takes back some land the company has not used, according to the Racine Journal-Times.

Dow Reports Earnings Improvement

Midland, MI, Apr. 29--The Dow Chemical Co. reported sales of $9.3 billion for the first quarter of 2004, compared with $8.1 billion a year ago, an increase of 15 percent and a quarterly record.

GDP Rose 4.2% in Quarter

Washington, DC, Apr. 29--The economy strengthened during the first three months of the year, but at a weaker-than-expected pace, the government said Thursday in a report that also suggested inflation rose at a faster rate.

The Dixie Group Reports Higher Sales

Chattanooga, TN, Apr. 29--The Dixie Group, reported income from continuing operations of $1,976,000, or $0.16 per diluted share, for the first quarter ended March 27, 2004, compared with income from continuing operations of $877,000, or $0.07 per diluted