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.
Macon, GA, July 16--As Armstrong World Industries attempts to surface from Chapter 11 bankruptcy, some say a proposal to create a separate court for asbestos litigation may offer relief, according to the Macon Telegraph.
Atlanta, GA, July 15--Home Depot Inc. Chairman Robert Nardelli said on Tuesday that the retailer was not backing off its plans to open 200 stores and hire 40,000 workers in 2003.
Montreal, Canada, July 16--Shareholder rights activist Stephen Jarislowsky has accused French-German flooring company Tarkett Sommer AG of making a "totally unfair" offer to buy out the minority shareholders...
Farnham, Quebec, July 15--Domco Tarkett Inc. announced today that its Board of Directors recommends that the minority shareholders accept the offer of Tarkett Sommer AG announced on April 30, 2003 and tender their common shares.
Greensboro, NC, July 16--A shareholder wants the court overseeing Burlington Industries Inc.'s Chapter 11 case to allow an investigation into the company and Chief Executive George Henderson.
Washington, DC, July 15--America's shoppers emerged from a lull and got into the buying groove in June, driving up sales at the nation's retailers by 0.5 percent, the best showing in three months.
Miami, FL, July 15--Home Depot has a new project for its do-it-yourself aficionados: do-it-yourself checkout, according to South Florida Sun-Sentinel.
Kannapolis, NC, July 15--Pillowtex Corp. said on Monday its term lenders have extended a forbearance agreement and decided not to take action following the company's default on interest and principal payments.
Ashville, NC, July 14--Cleaning up the environment is sometimes a balancing act, as reported in the Ashville Daily-Times.
New York, NY, July 11--Home Depot Inc., the home improvement retailer, has made some improvements in its own house, making it a "far better" company than last year, according to Banc of America Securities LLC.