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.

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.

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.

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.

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.

Dan River Announces Organizational Changes

Danville, VA, Aug. 29--Dan River Inc. today announced personnel and organizational changes related to the upcoming retirement of Richard L. Williams, 69, President and Chief Operating Officer. Williams will move to the position of Vice Chairman on August