Today's Flooring News

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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.

Home Depot Has New Ad Campaign

Atlanta, GA, Feb. 24--Home Depot launched a new national advertising campaign with a 60 second branding spot during the Grammy Awards on CBS.

Unsecured Creditors Oppose Burlington Auction Proc

Greensboro, NC, Feb. 24--Burlington Industries' committee of unsecured creditors has told a bankruptcy court that it opposes the company's proposed auction procedures, including a $14 million breakup fee for lead bidder Berkshire Hathaway.

Lowe's Has Record Fourth Quarter and Year End

Wilkesboro, NC, Feb. 24--Lowe's had net earnings of $319.4 million for the quarter ended January 31, a 46.2% increase over the same period a year ago. Diluted earnings per share increased 42.9% to $0.40 from $0.28 in the fourth quarter of fiscal 2001.

Dixie’s Sales Down, Earnings Up

Chattanooga, TN, Feb. 20--The Dixie Group had income from continuing operations of $2.3 million, or $0.20 per diluted share, for the fourth quarter ended December 28. Results for the quarter included an income tax benefit of $423,000, or $.04 per diluted

DuPont Textiles & Interiors Ups Fiber Prices

Wilmington, DE, Feb. 18—DuPont Textiles & Interiors will raise prices for its commercial and residential carpet fibers as of March. The decision is a result of several key factors, among them an escalation in raw material and energy costs, as well as comp

January Housing Starts Up 0.2%

Washington, DC, Feb. 19--Construction of new homes and apartments rose in January to the highest level in 16 years as low mortgage rates continued to power a housing boom, according to the Commerce Department.

Forbo sells Forbo Repoxit

Eglisau, Switzerland, Feb. 18—Forbo has sold its subsidiary Forbo Repoxit AG, of Winterthur, Switzerland. Repoxit was acquired by the management of the company. The takeover was effective January 1.

Mannington To Intro Hard Surface Floors With Teflo

Salem, NJ, Feb. 21--Mannington Mills has made an exclusive, multi-year agreement with DuPont Fluoroproducts in which Mannington will market newly developed coatings for resilient, laminate and wood flooring products using the DuPont Teflon brand.