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Home » Topics » Breaking Flooring News

Breaking Flooring News
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Foamex reports softening financial results, stays the course on debt reduction

March 1, 2001
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Flexible polyurethane and polymer foam products manufacturer Foamex International Inc. reported that, despite slightly lower sales and profits for fiscal year 2000, the company remains on track with its debt-reduction initiatives.
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Color Tile honors retailers of the year, increases rebates

February 27, 2001
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Distribution of the company’s Retailer of the Year awards, and attainment of a new membership level that allows for double rebates, topped the agenda at Color Tile’s annual membership meeting held during Surfaces 2001 in Las Vegas.
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January new-home sales slump

February 27, 2001
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New-homes sales plummeted by 10.9% in January, the biggest drop in seven years, as Americans' worries about the nation's economy overwhelmed the attraction of cheaper mortgage rates.
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January existing-home sales drop as confidence wanes

February 26, 2001
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Despite lower mortgage interest rates, existing single-family home sales dropped in January in tandem with the slowing economy and declining consumer confidence, according to the National Association of Realtors (NAR).
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Collins & Aikman shareholders complete sale

February 26, 2001
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Collins & Aikman shareholders completed the sale of a nearly 60% stake in the company to former Reagan administration official David Stockman's Heartland Industrial Partners L.P. for $260 million.
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The new Burlington Rug Corp. enters the market

February 26, 2001
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The new Burlington Rug Corp., a supplier of mass-produced area rugs, has purchased the Burlington House Floor Accent manufacturing facilities in Monticello, Ark. The 1 million-square-foot facility is capable of producing more than 10 million rugs annually.
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Recycled content available in BASF’s advanced Savant fiber

February 23, 2001
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BASF Carpet Products is launching a new initiative for its advanced engineered fiber, Savant, that addresses the rapidly evolving issue of sustainability in the commercial carpet market.
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iFLOOR.com acquires CornerHardware.com

February 23, 2001
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Internet flooring website iFLOOR.com has acquired CornerHardware.com, a San Francisco-based online retailer of home improvement goods and services.
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S&P cuts Dixie Group’s credit rating

February 22, 2001
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Standard & Poor's has lowered its corporate credit rating for The Dixie Group Inc. to single-'B'-plus from double-'B'.
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Industry vets join iFLOOR’s board of directors

February 20, 2001
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Internet-based flooring provider iFLOOR.com announced that four industry veterans have joined the company’s board of directors.
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