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.

Legg Mason Initiates Mohawk Coverage with Buy Rati

New York, November 5--Analysts at Legg Mason initiated coverage of Mohawk Industries with a "buy" rating. The firm set a target price at $100.

Target’s October Same-Store Sales Up 6%

Minneapolis, MN, November 4--Target said on Thursday its sales at stores open at least a year rose 6 percent in October from continuing operations, hitting the top of its forecast range.

Housing Affordability Off In 3Q

Washington, DC, November 3--General housing affordability conditions remained favorable during the third quarter, even with a decline that resulted largely from higher home prices, according to the National Association of Realtors.

Surfaces Launches All New Conference Program for 2

Dallas, TX, November 2—Hanley-Wood said its all-new Surfaces 2005 Conference Program, sponsored by Mannington Mills, will offer 41 workshops and seminars in six targeted tracks.

Dixie’s Income Up in 3Q, in Negotiations over Chro

Chattanooga, TN, October 28--The Dixie Group Inc. today reported the third quarter income from continuing operations was $3,554,000, or $0.28 per diluted share, compared with a loss for the third quarter of 2003.

Carpetright Continues to Garner Market Share

Rainham, England, October 26-- Retailer Carpetright today said it continued to grow market share and improve on profits despite seeing sales growth slow in recent weeks, according to the Scotsman.com.

Pergo Posts Nine Month Results

Trelleborg, Sweden, October 22—Pergo, reported it results of the first nine months of 2004. Sales during the nine month period amounted to SEK 2,098 M (US$291.6M) (2,067), an increase of 8% compared with the year earlier period after adjustment for curren