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.

Prospective Pillowtex Buyer A Mystery

Kannapolis, NC, July 8--The story sounds straightforward enough: Broome & Wellington, a British textile firm, seeks to buy beleaguered Pillowtex Corp. for more than $350 million to expand its U.S. operations, as reported in the Charlotte Observer.

Argentine Tile Maker May Open Plant In Florida

Yulee, FL, July 8--An Argentine company that makes ceramic and porcelain tiles may be bringing 170 jobs to Yulee when it begins manufacturing services there, according to the Florida Times-Union, Jacksonville.

QEP Doing Well

Boca Raton, FL, July 8--Shares in QEP, the Boca Raton flooring tools maker, have more than doubled since they traded at $5.11 on March 17--closing Monday at $10.55, up 11 cents a share, according to the Palm Beach Post.

Lowes: Americans Continue to Improve Their Homes

Wilksboro, NC, July 3--It's become the modern day love affair with a recurring honeymoon of decorating and maintaining. The trend toward investing in the home, routine remodeling and the desire to improve has led the American D-I-Yer to a fixation wit

Unemployment Hits 6.4 Percent, A 9-Year High

Washington, July 3--The unemployment rate climbed to 6.4 percent last month from May's 6.1 percent, according to the Labor Department. It was a much worse reading than the 6.2 percent forecast by economists.

Solutia Warns of a Wider-than-expected 2nd Qtr. Lo

St. Louis, July 3--Solutia Inc. has warned that it expects a second-quarter loss of 15 cents to 20 cents per share due to higher-than-expected raw material and energy costs and weakness in downstream nylon markets.