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.

Wellman Sells Stake in Company

Shrewsbury, New Jersey, June 27--Wellman Inc., which makes polyester fibers and plastic resins, said it sold a stake in the company to a private investor after the plan won shareholder approval and it secured a credit line.

Quick-Step To Change Name

Thomasville, NC, June 27--The maker of Quick-Step flooring products in Thomasville will change its name to Unilin Flooring on July 1, the company announced on Monday.

DuPont Hires Ad Firm Ogilvy & Mather

New York, NY, June 26--DuPont Co. wants to show the softer side of its old industrial self, hiring a famed ad agency to remind the public it is more than just a chemical company

Consumer Confidence Steady

New York, NY, June 25--Consumers are feeling increasingly confident in the future health of the economy, but that optimism is tempered by doubts about current business conditions, a private research group reports.

Home Depot Plans Northeast Expansion

Atlanta, GA, June 25--Home improvement retailer Home Depot plans to add 31 stores in the U.S. Northeast this year, and is studying plans for its first store in New York's Manhattan borough, a store executive said on Tuesday.

Home Depot Says Fiscal Year Projection On Track

Atlanta, GA, June 25--Home Depot Inc. Chief Financial Officer Carol Tome reiterated the home improvement giant's guidance that earnings will increase 9% to 14% on a sales increase of 9% to 12% for the fiscal year ending January 2004.

Existing Home Sales Rise

Washington, DC, June 25--Existing single-family home sales rose in May and were at the third-highest monthly pace on record, according to the National Association of Realtors.

Buffett Attends Opening of Vegas Furnishings Store

Las Vegas, NV, June 25--More than 41 years after he first visited the city as a young honeymooner, businessman Warren Buffett returned to Las Vegas to mark the opening of his latest successful business venture, as reported in the Las Vegas Review-Journal.