Abbey Prototype to Open in September
Bonita Springs, FL, May 26--Abbey Carpet is building a state-of-the-art training and sales production facility in North Naples that will serve as a prototype for its 800 stores nationwide.
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.
Flexible Foam to Open Plant in Washington
Longview, WA, May 26--Ohio's Flexible Foam Products formally announced Tuesday that it is opening a new plant in Longview, Washington.
1st Quarter GDP Revised Up to 4.4%
Washington, DC, May 27--Driven by businesses' vigorous restocking of inventories, the U.S. economy surpassed an earlier estimate for first-quarter growth as corporate profits continued to show improvement.
Antron Recertified as Environmentally Preferable P
Atlanta, GA, May 27--Invista announced today the re-certification of Antron carpet fiber as an Environmentally Preferable Product (EPP) by Scientific Certification Systems (SCS).
Home Depot Increases Dividend by 25%
Atlanta, GA, May 26--Home Depot announced that its Board of Directors increased its quarterly cash dividend to eight and a half cents per share, an annual increase of 25 percent.
New Home Sales Fall 11.8%
Washington, DC, May 26--Sales of new U.S. homes sagged well below expectations in April to post their biggest monthly drop in more than ten years.
Armstrong Bankruptcy Update
Lancaster, PA, May 26--May 25--Once upon a time, Armstrong World Industries thought it would be out of bankruptcy last summer, according to the Lancaster New Era.
Flooring Firm Faces Racketeering Trial
Gainesville, GA, May 26--More than 120 complaints against a Gainesville-based Internet business are enough to put its two operators on trial for racketeering, said a Hall County Magistrate, according to the Gainesville Times.
NWFA, Retailers: Lots of Hardwood Flooring Options
Washington, DC, May 26--A few years ago, homeowners who wanted a hardwood floor had anywhere from 20 to 30 tree species from which to select.
Dow Chemical's Rick Hamilton to Retire
Dalton, GA, May 26--Rick Hamilton, North American Senior Commercial Manager for Dow Emulsion Polymers' carpet business, will retire from The Dow Chemical Company on June 30 after more than 29 years of service.