Dixie Posts 4Q Profit of $5M
Chattanooga, TN, February 24--The Dixie Group reported income from continuing operations of $5,024,000, or $0.40 per diluted share, for the fourth quarter.
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.
Kronopol Opens Facilities For U.S. Distribution
Toronto, ON, February 25--Kronopol Marketing, the North American division of Kronopol, has opened facilities in Minneapolis and Tampa, Florida for the distribution of its laminate flooring products.
Toll Brothers 1Q Earnings Up 120%
Horsham, PA, February 23—-Luxury homebuilder Toll Brothers reported quarterly earnings that were up 120 percent, boosted by continued demand for high-end homes.
New Zealand’s Feltex Earnings Up, Revenue Off
Wellington, New Zealand, February 23--Carpet maker Feltex Carpets Ltd. reported a 7.1% rise in net profit for the first half of its fiscal year despite a fall in revenue, and said the lift came as it shifted its product mix toward higher margin carpets.
Update on Events At Forbo
Eglisau, Switzerland, February 23--The purchase of a 25% stake in Swiss flooring group Forbo by a former executive appears to be part of a mutiny that will likely scuttle takeover talks sparked by private equity interest, according to The Deal.com.
JNK Intros Containment Mat for Garage Use
Grand Junction, CO, February 23--JNK Products, LLC, an online retailer of garage flooring products, announced today the release of its new Heavy Duty Special Edition Park Smart Clean Park Containment Mat.
Governor Tours New Kronotex Facility
Barnwell, SC, February 23—-Norm Voss, president of laminate producer Kronotex USA, recently took South Carolina Governor Mark Sanford on a tour of the company's new 360,000-square-foot building.
Alabama Retailer Focuses on Service
Madison, AL, February 23--Kim Hammonds, owner of Flooring Designs of Madison, said customer service is what sets her business apart from other flooring businesses, including large warehouse stores.
Consumer Prices Up 0.1%
Washington, DC, February 23—-The consumer price index rose 0.1% in January, after holding steady in December, according to the Labor Department.
Shaw Ends Flooring Program with Martha Stewart
New York, NY, February 24—-In an earnings report released yesterday, Martha Stewart Living Omnimedia Inc. revealed that the company has received unspecified revenues as a result of the dissolution of its Martha Stewart Signature flooring program with Shaw