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.
Wilmington, DE, Aug. 21--Calling Pillowtex Corp.'s liquidation plan "very, very unusual," a federal bankruptcy judge on Wednesday indicated he would encourage rival bids for what's left of the Kannapolis-NC based towel maker
Atlanta, GA, Aug. 19--Home Depot Inc. chief executive officer Robert Nardelli rewarded store managers who met sales goals last quarter with a four-wheel prize: pickup trucks painted orange to match the logo color of the world's largest home-improvemen
Farnham, Quebec, Aug. 19--Domco Tarkett Inc. announced today that its Board of Directors recommends that minority shareholders accept the revised offer of Tarkett Sommer AG announced on August 12, and tender their common shares.
Montreal, Aug. 20--The board of flooring company Domco Tarkett Inc. yesterday recommended minority shareholders accept a sweetened bid by the majority shareholder to buy them out, but one prominent investor said the revised offer is inadequate.
Hanover, VA, Aug. 20--The tan and gray building with burgundy trim is a blur to thousands of I-95 travelers. Mohawk Industries, though, is big business in Hanover, as reported in the Hanover Herald Progress.
Kannapolis, NC, Aug. 20--For nearly a century, Pillowtex's Plant No. 1 has dominated the heart of this mill village's downtown.
Washington, DC, Aug. 19--Home construction jumped in July to the highest level in more than 17 years as the red-hot housing market showed no signs of slowing down even as mortgage rates began to rise.
Lahore, Pakistan, Aug 19--As many as 245 foreign importers and dealers of carpets expected to visit Pakistan Carpet Exhibition-2003 being held in Karachi from August 28-31, according to PakNews.com.
Atlanta, GA, Aug. 19--The Home Depot, the world's largest home improvement retailer, today reported record second quarter net earnings of $1.3 billion ($0.56 per diluted share) for fiscal 2003
New York, NY, Aug. 19--Lawyers for some of the biggest U.S. retailers, who negotiated $3.05 billion in settlements with Visa and MasterCard over debit cards, are requesting 18 percent of the payout as payment, along with more money for expenses, reports s