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.

H2O Concepts Launches Flooring Unit

Dubai, Saudi Arabia, July 21--H2O Concepts is poised to launch an aggressive marketing campaign for its newly-established flooring division, following its recent tie-up with Tarkett, a leading French manufacturer of flooring tiles.

Greenspan Sees Gradual Rate Hikes

Washington, July 21--Fed Chairman Alan Greenspan said today the U.S. central bank aims to continue raising interest rates at a gradual clip over the next 18 months or so.

Linens 'n Things 2Q Earnings Drop

Clifton, NJ, July 21--Home decor retailer Linens 'n Things Inc. said its quarterly profit fell, matching its lowered forecast, after it drew fewer-than-expected shoppers in May.

Mohawk 2Q Earnings Up 16%

Calhoun, GA, July 21--Mohawk Industries, Inc. today announced record diluted earnings per share (EPS) and net earnings for the second quarter of 2004 of $1.29 (15% above last year) and $87,158,000 (16% above last year), respectively.

Honeywell’s 2Q Earnings Up 13%

Morris Township, NJ, July 21 – Honeywell today announced second quarter earnings per share of $0.42, an increase of $0.05 or 14% over the prior year.

New York Retailer To Close

Oneonta, NY, July 20--After half a century in business, a downtown home improvement store is rolling up its carpets, according to the Daily Star, Oneonta, NY.

Hanley Wood: Surfaces 85% Sold Out

Dallas, TX, July 20-- Sales for Surfaces 2005 are under way and the event is poised to be one of the biggest shows to date, according to Hanley Wood Exhibitions, the owner of the floor covering industry’s largest trade show.