Dixie Sales Lower Than Expected
Chattanooga, TN, Apr. 10—The Dixie Group, announced that its first quarter results would be adversely affected by lower-than-expected sales volume and higher costs.
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.
Kmart Names New Board of Directors
Troy, MI, Apr. 2--Kmart Corp. investors, creditors and lenders have elected an entirely new board of directors to lead the discount retailer when it exits bankruptcy protection.
Flooring Sales at Lowe’s Up Last Year
Wilkesboro, NC, Apr. 17—Flooring was the fastest growing product category at Lowe’s last year, based on percentage change, and it was the second fastest behind appliances based on dollar sales
Interceramic’s Sales Lower
Chihuahua, Mexico, Apr. 17-- Internacional de Ceramica S.A. de C.V. focused its efforts on maintaining product sales levels and improving operating results in the first quarter.
Liz Claiborne/Carpet One Flooring Ad Campaign Debu
Manchester, NH Mar. 31-- A multi-media advertising and marketing campaign to launch the first floor covering line from apparel leader Liz Claiborne debuts this month from Carpet One, exclusive retailer of the collection.
Armstrong Takes Asbestos Hit In Fourth Quarter
Lancaster, PA, Mar. 19 --Armstrong Holdings had fourth quarter net sales of $752.1 million that were about 2% higher than fourth quarter sales of $738.3 million the previous year.
February Consumer Spending Flat
Washington, Mar. 28--Consumer spending was flat in February for the second straight month, as war uncertainties, job worries and higher energy prices made people more tightfisted.
BASF Posts Profit
Frankfurt, Germany, Mar. 19—BASF’s fourth quarter net profit was 199 million euros ($211 million) in contrast to a loss of 469 million euros in the same period a year ago. Sales grew to 8 billion euros ($8.6 billion) in the fourth quarter from 7.7 billio
Gammapar To Acquire PermaGrain
Forest, VA, Mar. 18—Hardwood flooring manufacturer Gammapar will acquire PermaGrain Products, which filed for bankruptcy in December. PermaGrain was one of Gammapar’s major competitors in the manufacture of acrylic impregnated wood flooring
Congoleum Moving Ahead With Asbestos Settlement
Mercerville, NJ, Ma. 18--Congoleum is seeking bondholders' approval of certain amendments to the indenture governing its 8 5/8% senior notes due in 2008 as part of its strategy to resolve its asbestos liabilities.