W.L. Ross/Burlington Update
New York, NY, Aug. 14--Ask Wilbur Ross why he recently agreed to pay $620 million for the bankrupt Burlington Industries and he is likely to tell the dirty necktie story, according to a story in the New York Times.
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.
Retail Sales Up
Washington, DC, Aug. 13--America's shoppers threw caution to the wind and splurged in July on cars, appliances and clothes, catapulting sales at the nation's retailers by 1.4%, the biggest increase in four months.
Second Anso Nylon Carpet Sale Set For Fall
Morris Township, NJ, Aug. 13--Honeywell’s Anso nylon, today announced it is adding two new consumer-focused elements to its second annual “Anso Nylon National Carpet Sale” promotion, which runs Sept. 1 through Oct. 20.
BOMA Releases Office Building Performance Report
Washington, DC, Aug. 13--The Building Owners and Managers Association (BOMA) International, the leading advocacy association representing commercial real estate, has released its 2003 Experience Exchange Report
American Biltrite's Sales Down
Wellesley Hills, MA, Aug. 12--American Biltrite Inc. reported today its results for the second quarter, which included a previously announced charge in connection with the planned sale or disposition of its Janus Flooring subsidiary.
Home Depot To Open Two Expo Stores In Manhattan
New York, NY, Aug. 13--It looks like Home Depot is coming to Manhattan. The home-improvement giant has reached agreements to set up its high-end Expo stores at 731 Lexington Ave., and at 28-40 West 23rd St., people familiar with the situation told Dow Jon
Congoleum Reports Loss In Second Quarter
Mercerville, NJ, Aug. 12--Congoleum Corporation today reported its financial results for the second quarter ended June 30, 2003.
Ross Says Commitment To Burlington Long Term
Greensboro, NC, Aug. 13--New York financier Wilbur Ross said this week that he envisions having a "long-term" involvement with Burlington Industries after the Greensboro-based textile company emerges from Chapter 11 bankruptcy, as reported by The Business
3M To Split Stock
St. Paul, MN, Aug. 12--3M, the maker of Post-It notes and fiber optic connectors, on Monday said it set a 2-for-1 split of its common stock, spurring its high-flying shares to a new all-time high.
Armstrong's Lockhart Joins NAFCD's Panel D
Chicago, IL, Aug. 12--Armstrong chairman and CEO Michael D. Lockhart will participate in an industry panel discussion hosted by the National Association of Floor Covering Distributors (NAFCD).