Home Depot Looking At Europe, Asia
Atlanta, GA, Sept. 2--As Home Depot expands in Mexico and Canada, it's keeping an eye on Europe and Asia for future international opportunities, according to the Atlanta Journal-Constitution.
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.
Carpets International To Cut 140 Jobs
Kidderminster, UK, Sept. 2--A leading UK textile company has announced it is to lay off 140 people at its two Northern Ireland factories, according to 4NI.
Gulistan Gets New Financing
Aberdeen, NC, Aug. 28--Gulistan Carpet, Inc. announced today that Hampton Capital Partners, LLC made an equity investment in the company and provided mezzanine financing to support ongoing operations.
Karastan Signs AmericasMart Lease Extension
Atlanta, GA, Sept. 2--Karastan has extended its AmericasMart Area Rug Center presence with a long-term lease agreement.
Business Good For Lumber Liquidators
Colonial Heights, MA, Sept. 2--Tom Sullivan is building business the hardwood way. The Boston native owns Lumber Liquidators, a hardwood flooring company based in Colonial Heights, according to the Progress-Index.
Wool Prices Rebound
Auckland, NZ, Aug. 29--Prices for both fine and medium wools have rebounded in recent weeks, which should be a good sign so early in the season.
Universal Display Completes $16.1 Million Register
Ewing, NJ, Aug. 29--Universal Display Corporation announced today that it has completed a $16.1 million registered direct offering of 2,012,500 shares of its common stock to certain institutional investors.
Court Approves Burlington's Reorganization Dis
Greensboro, NC, Aug. 28--The Bankruptcy Court has approved the company's disclosure statement setting forth the terms of its Plan of Reorganization and other information relating to its proposed emergence from Chapter 11 as well as proposed procedures
Kmart Holding Posts Smaller 2Q Loss
Troy, MI, Aug 28--Kmart Holding posted a much narrower loss in its fiscal second quarter amid lower expenses despite a 21% drop in sales.
Harris Tarkett To Increase Prices
Johnson City, TN, Aug. 28--Harris Tarkett has announced it will increase prices on all prefinished product shipments effective October 1.