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.

Sears Canada to Buy Cantrex

Toronto, Ontario, January 7--Sears Canada has agreed to acquire Cantrex Group Inc. from a Canadian subsidiary of General Electric. Capital Cantrex is Canada's largest buying group representing independent merchants of floorcoverings, furniture, applia

Employers Add 157,000 Jobs in December

Washington, DC, January 7--Employers in December added 157,000 workers to their payrolls, bringing the year-end total of new jobs to 2.2 million, while the unemployment rate held steady at 5.4%, according to the Labor Department.

Well Known Designer Dies After Car Accident

Atlanta, GA, January 6--Beverly M. Murphy died Monday morning, January 3, at the age of 55 after having been struck by a vehicle December 31 in Destin, Florida. She was a a highly talented home décor products designer and textile company executive.

TA Associates Completes $35M Investment in Lumber

Boston, MA, January 4--TA Associates, a leading private equity and buyout firm, has completed a $35 million investment in Lumber Liquidators, the largest direct retailer specializing in hardwood flooring in the United States.

Dow Pledges $5M to Tsunami Relief Effort

Midland, MI, January 4--The Dow Chemical Co. said it will contribute $5 million to the relief efforts underway for victims of the recent earthquake and subsequent tsunamis in Southeast Asia and the Indian sub-continent.

Judge Blocks Textile Import Limits

New York, January 3-- A U.S. judge temporarily blocked the Commerce Department from imposing emergency restrictions on imports from China, a move that backs clothing retailers and opposes the wishes of textile producers.

Construction Spending Off in November

Washington, DC, January 3-- Construction spending fell unexpectedly by 0.4 percent in November, as a cooling in residential construction overpowered a small rise in public spending, a government report showed on Monday.