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.

Furniture Brands Cuts Outlook

St. Louis, MO, September 7, 2006--Furniture Brands International Inc., trimmed its third-quarter earnings forecast, in a further sign that higher interest rates and cooling home sales are leading some consumers to pull back from big-ticket purchases.

Bank Sets Deadline on Feltex Rescue

Melbourne, Australia, September 7, 2006--The ANZ bank may call in administrators today to oversee transactions concerning New Zealand carpetmaker Feltex. The move comes despite a last-minute proposal being worked on overnight.

Perceptions Change About Innovation

Midland, MI, September 7, 2006--Perceptions regarding who is primarily responsible for innovation have expanded from the confines of the laboratory to include all employees of a company, according to a study released by Dow Corning Corporation.

Federated Starts Ad Blitz for New Stores

Cincinnati, OH, September 7, 2006--Federated Department Stores on Sept. 7, will kick off its largest-ever advertising campaign, using television, print, radio and the Internet to announce the conversion of 400 May Co. stores into Macy's locations.

Productivity Revised Up in 2Q

Washington, DC, September 6, 2006--The efficiency of workers rose faster in the spring than earlier estimated, but still slower than in the first quarter, according to a Labor Department report released Wednesday.

Office Furniture Orders Up in July

Grand Rapids, MI, September 6, 2006--Office furniture order growth accelerated in July, the latest in several months of erratic growth that analysts said indicate a moderating market.

UK’s Floors 2 Go 1H Earnings Off

London, England, September 5, 2006--Flooring retailer Floors 2 Go said it was on course to meet expectations for the full year despite a slump in profits.

Nood Floorcovering Launches Nood Lab

Dalton GA, September 5, 2006--Nood Floorcovering, a young carpet brand developed around the needs of commercial interior designers, announces the launch of Nood Lab.