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.

Greenspan Praises Economy at Senate Hearing

Washington, DC, June 16--Federal Reserve Chairman Alan Greenspan painted a broadly optimistic view of the U.S. economy, marked by accelerating job growth and modest inflation.

AmericasMart ROY Awards Nominees Announced

Atlanta, GA, June 16--Each year during the July Atlanta International Area Rug Market the nation’s top rug retailers are honored through AmericasMart’s Rug Retailer of the Year Awards (ROY Awards).

Columbia Flooring Names Marketing Manager

Danville, VA, Jun. 15--Columbia Flooring today announced the appointment of Patrick Warren as marketing manager, according to Columbia President David Wootton.

James Gamblin Retires From Dow Chemical

Midland, MI, Jun. 14--James Gamblin, North American Latex Account Executive for the Dow Emulsion Polymers carpet business, retired from The Dow Chemical Company on May 31, 2004.

Home Depot Balances Two Markets

Atlanta, GA, Jun. 15--Walk into a Home Depot and you're likely to see a couple of do-it-yourselfers perusing Berber rug samples and claw-footed bathtubs.

Morgan Keegan Reiterates Outperform Rating on Moha

New York, NY, Jun. 14--Analysts at Morgan Keegan reiterate their "outperform" rating on Mohawk Industries Inc.

Doughty Hanson Buys Balta

London, England, Jun. 15--Doughty Hanson & Co., a London-based buyout firm, agreed to buy Balta Industries NV, a family-owned Belgian maker of rugs and carpets, for 600 million euros ($723 million).

Consumer Prices Up in May

Washington, DC, Jun. 15--Consumer prices rose at their fastest clip in more than three years in May amid a surge in gasoline prices, all but ensuring that the Federal Reserve will raise interest rates at the end of this month.

Shaw Now Largest in Manufactured/Modular Housing M

Dalton, GA, Jun. 15--Calling it “an excellent match,” Executive Vice President Julius Shaw of Shaw Industries stated that a recent highlight for the company was its acquisition of Dixie Group’s north Georgia operations.

Tandus Unveils Recycled Content Backing

Chicago, IL, Jun. 14--Today at NeoCon in Chicago, Tandus, unveiled ethos, a high recycled content, cushion backing for six-foot broadloom carpet.