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.
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.
Karastan Signs AmericasMart Lease Extension
Atlanta, GA, Sept. 2--Karastan has extended its AmericasMart Area Rug Center presence with a long-term lease agreement.
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.
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
Court Approves Auction Of Pillowtex Assets
Eden, NC, Aug. 29--U.S. Bankruptcy Court on Thursday approved Pillowtex's bid to sell off all its plants, equipment and brand names for at least $56 million at an Oct. 2 auction.
Consumer Spending Increases
Washington, DC, Aug. 29--Personal spending climbed in July as consumers continued to help fuel the economic recovery.