BASF Raising Nylon Fiber Prices, Too
Charlotte, NC, Feb. 24--BASF Corporation will increase prices 11% on all residential bulked continuous filament (BCF) nylon carpet products and 4% to 7% on all commercial carpet nylon fiber products.
Today's Flooring News
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Home Depot Has Record Year End Earnings
Atlanta, GA, Feb. 25--The Home Depot had record net earnings of $3.7 billion ($1.56 per diluted share) for fiscal 2002, compared with net earnings of $3.0 billion ($1.29 per diluted share) the year before.
Mortgage Rates At Record Lows
Washington, DC, Feb. 21--Mortgage rates fell this week, setting new lows that economists predicted would spell more good news for the housing industry. The average interest rate on a 30 year, fixed rate mortgage dipped to 5.84% for this week
Home Depot Launches New Ad Campaign
Atlanta, Feb. 24--Home Depot launched a new national advertising campaign last night with a 60-second branding spot during the Grammy Awards on CBS.
Bonar Floors To Intro New Airliner Flooring
Derbyshire, U.K., Feb. 24--A new lightweight aircraft floorcovering, which could help airlines save millions of dollars and replace conventional carpeting in aircraft, will be introduced this week at the Aircraft Interiors Expo show in Hamburg.
Home Depot Has New Ad Campaign
Atlanta, GA, Feb. 24--Home Depot launched a new national advertising campaign with a 60 second branding spot during the Grammy Awards on CBS.
Unsecured Creditors Oppose Burlington Auction Proc
Greensboro, NC, Feb. 24--Burlington Industries' committee of unsecured creditors has told a bankruptcy court that it opposes the company's proposed auction procedures, including a $14 million breakup fee for lead bidder Berkshire Hathaway.
Lowe's Has Record Fourth Quarter and Year End
Wilkesboro, NC, Feb. 24--Lowe's had net earnings of $319.4 million for the quarter ended January 31, a 46.2% increase over the same period a year ago. Diluted earnings per share increased 42.9% to $0.40 from $0.28 in the fourth quarter of fiscal 2001.
Dixie’s Sales Down, Earnings Up
Chattanooga, TN, Feb. 20--The Dixie Group had income from continuing operations of $2.3 million, or $0.20 per diluted share, for the fourth quarter ended December 28. Results for the quarter included an income tax benefit of $423,000, or $.04 per diluted
DuPont Textiles & Interiors Ups Fiber Prices
Wilmington, DE, Feb. 18—DuPont Textiles & Interiors will raise prices for its commercial and residential carpet fibers as of March. The decision is a result of several key factors, among them an escalation in raw material and energy costs, as well as comp