Carpet and rug manufacturer The Dixie Group said it expects to earn 2 cents a share in the third quarter, below analysts' expectations, due to weakening sales.
Armstrong DLW AG, an indirect subsidiary of U.S.-based Armstrong Holdings Inc. reported that it has terminated plans to sell the textile and sports flooring division operating under the brand name Desso.
Despite increasing job losses and uncertainty fueled by the Sept. 11 terrorist attacks on the United States, consumer confidence unexpectedly rebounded in October for the first time in four months, according to a report released by the University of Michigan.
Interface Inc. has announced that it will record a pre-tax restructuring charge in the third quarter of 2001 of approximately $60 million ($0.80 per diluted share after tax) primarily attributable to the rationalization of worldwide broadloom and U.S. access flooring businesses.
Witex USA Inc. has announced that three major distribution companies -- The Roane Co., Swiff-Train Co. and New England Surfaces -- have signed on to handle the Witex product line.