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.

Burlington’s Unsecured Creditors Reject Advisors

Greensboro, NC, April 30--Burlington Industries' unsecured creditors and the U.S. trustee appointed in the firm's Chapter 11 case objected to the company's plan for compensating investment bankers.

Lowe’s Exclusive Dealer For Pergo Signature

Wilesboro, NC, Apr. 29-- Lowe's is now the exclusive provider of Pergo Signature, a customized line of laminate flooring.

Oxford Industries Buys Tommy Bahama Brand

Atlanta, GA, Apr. 29--Ownership of the Tommy Bahama brand, known for its upscale casual and island lifestyle in apparel and home furnishings, is being transferred to Oxford Industries.

Union Strikes At Bruce Plant

Beverly, WV, Apr. 30--About 700 teamsters members set up a picket line Sunday night at the Bruce Hardwood Flooring plant in Beverly after employees rejected the company’s contract offer, according to the Charleston Gazette.

BASF Profits Down 20%

Frankfurt, Germany, Apr. 30—BASF’s profit fell 20% in the first quarter, largely due to an increased tax bill. Net profit fell to 442 million euros ($486 million) in the first quarter from 552 million a year earlier.

New Home Sales Up

Washington, DC, Apr. 28--Sales of new homes rose 7.3% in March, the biggest gain in seven months, as continued low mortgage rates and better weather helped offset two consecutive months of falling sales, according to the Commerce Department.

Tandus Sales Up

Dalton, GA, Apr. 28--Tandus Group, Inc., which includes C&A Floorcoverings, Monterey Carpets and Crossley Carpet Mills, had adjusted EBITDA of $8.9 million in its fourth quarter ended January 25, compared to $10.3 million for the same period a year ago.