Today's Flooring News

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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 Industries Has Loss

Greensboro, NC, Nov. 21--Burlington Industries completed its fiscal year on September 28. For the fourth quarter, the company reported after tax earnings of $36.1 million

Consumer Spending Increases

Washington, DC, Nov. 27--Consumers rebounded from a September slump, increasing spending by a solid 0.4% in October.

Remodeling Activity Off

Washington, DC, Nov. 18--Home owners took a breather in the third quarter from the flurry of remodeling activity that marked the first half of the year

Existing Home Sales Jump

Washington, DC, Nov. 25--Sales of previously owned homes registered their third best month on record in October and are on track for an all time high this year.

Forbo Concludes Private Placement

Eglisau, Switzerland, Nov. 22--Forbo has concluded a U.S. private placement of $275 million with a group of U.S. insurance company investors.

Home Depot Logs Record Quarter

Atlanta, GA, Nov. 19--The Home Depot had record net earnings of $940 million, or $0.40 per diluted share, for the third quarter of fiscal 2002, an increase of 21% compared with net earnings of $778 million, or $0.33 per diluted share, for the same period

Congoleum Expects $7.3M Charge Next Quarter

Mercerville, N.J, Nov. 21--Congoleum Corp. expects to record a charge to other comprehensive income of $7.3 million in the fourth quarter to adjust its minimum pension liability, according to its quarterly report filed with the Securities and Exchange Com

Economy Grows In Third Quarter

Washington, DC, Nov. 26--The U.S. economy grew at a 4% annual rate in the summer, a stronger performance than the government previously thought.

Polley Joins Dixie

Chattanooga, TN, Nov. 25 --David Polley has joined the Dixie Group as vice president of marketing. Polley will also lead the company¹s efforts to become a more important participant in the residential carpet market.