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.
Greensboro, NC, Feb. 12--Burlington Industries has filed papers in its Chapter 11 case to further its deal with Berkshire Hathaway, although the move doesn't stop it from pursuing a competing proposal from WL Ross & Co.
Washington, DC, Feb. 13--Sales at the nation's retailers dropped 0.9% in January from the previous month. According to the Commerce Department, the decline in retail sales followed a 2% rise in December, the biggest drop in four months and a weaker pe
Athens, GA, Feb.13--According to EPA statistics, about 14 billion pounds of fibrous waste is landfilled each year in the U.S. and approximately one third of this is post consumer carpet.
Greensboro, NC & Omaha, NE, Feb. 11--Burlington Industries and Berkshire Hathaway have executed a definitive agreement for Berkshire to acquire Burlington for $579 million in cash.
Atlanta, GA, Feb. 11--Home improvement industry observers have long believed Lowe's appeals more to women, but a new study finds the Lowe's attracts no more female shoppers than rival Home Depot.
Canton, OH, Feb. 11-- Schumacher Homes has received the Gold Award for Design Centers from the National Association of Home Builders, ranking the scattered site home builder as the nation's leader.
Papineauville, Quebec, Feb.5--Lauzon Industries has entered into a private Partnership Agreement with ATAG Asset Management, an independent European investment and asset management company.
Calhoun, GA, Feb. 7--Mohawk Industries had fourth quarter net earnings of $84.2 million (42% above last year) or $1.25 earnings per share (13% above last year), the highest quarterly earnings and EPS ever recorded by the company.
Trelleborg, Sweden, Feb. 10--Pergo AB had sales of 3.194 billion SEK for the year, a decrease of 11% from 3.729 billion SEK the year before, excluding currency effects. The decline was primarily due to lower price levels in North America and, to some exte
Cleveland, OH, Feb. 6--Sherwin-Williams’ fourth quarter profits rose 25.7%, boosted by sales of paint to do-it-yourselfers and by cost cuts.