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.

Solutia Bankruptcy Update

St. Louis, MO, Jan. 8--Solutia Inc.'s U.S. Bankruptcy Court hearing for approval of final debtor-in-possession financing was adjourned to Jan. 16 from Jan. 9, in order to give the creditors' committee time to study the proposed financing.

Sears Grand Is Latest Sears Experiment

Rancho Cucamonga, CA, Jan. 8--The future of Sears, a retailer whose past is already part of American legend, may be under construction in Rancho Cucamonga, according to Press-Enterprise, Riverside, California.

AmericasMart Plans Major Expansion

Atlanta, GA, Jan. 8--Renowned Atlanta architect-developer John Portman's AmericasMart has purchased the long-vacant bus station for a major expansion of the home furnishings and apparel marketplace, according to the Atlanta Journal-Constitution.

Big Retailers Report Good December Sales

New York, NY, Jan. 8--Wal-Mart's sales at U.S. stores open at least a year rose 4.3% in December, well within the 3% to 5% projection some analysts thought the retailer might not be able to achieve.

Overdue Credit Card Bills Reach New High

Washington, DC, Jan. 7--The percentage of customers who were late on their credit card bills hit a record high in the third quarter of 2003, according to the American Bankers Association.

Home Depot Adds To Its Builder Dealer Network

Atlanta, GA, Jan. 6--The Home Depot confirmed it has completed the purchase of Creative Touch Interiors (CTI), a leading turnkey design center provider for major homebuilders in Southern California and Las Vegas.

Q.E.P. Getting Orders For Its New Line

Boca Raton, FL, Jan. 6--Q.E.P. Co., Inc.'s newest product line, Fresh, has received initial orders from a large hardgoods retailer with approximately 450 stores in Canada.