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.
Chattanooga, TN, Apr. 29--The Dixie Group, Inc. had a net loss of $336,000, or $0.03 per diluted share, for the first quarter ended March 29, compared with net income of $496,000, or $0.04 per diluted share, for the same period a year ago.
Des Plaines, IL, Apr. 30--While negotiators for businesses, insurers, labor unions and congressional leaders iron out an agreement aimed at creating an industry financed national asbestos trust fund
Wilmington, DE, Apr. 29--DuPont Co. posted a first quarter profit, but warned that second quarter profits would miss Wall Street forecasts.
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.
Wilesboro, NC, Apr. 29-- Lowe's is now the exclusive provider of Pergo Signature, a customized line of laminate flooring.
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.
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.
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.
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.
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.