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.
Detroit, MI, August 15--A former Kmart chief executive officer, whom the company accused of contributing to its 2002 bankruptcy, has been cleared of wrongdoing in a civil lawsuit filed by the retailer's former creditors.
Tuscaloosa, AL, August 15--Resource & Financial Management Systems, Inc. (RFMS, Inc.), a developer business management software for the floor covering industry, has just released Version 3.0 of its installation scheduling software, Schedule Pro.
Linwood, PA, August 15--Foamex International today announced several significant developments in its efforts to strengthen its balance sheet and enhance long term value while continuing normal business operations.
New York, NY, August 15--Chilewich has formed a Hotel & Restaurant Division to aggressively pursue the hospitality industry. Named to head sales for this segment of the business is Ryan Reitmeyer.
Troy, MI, August 15—-Auto interior supplier Collins & Aikman said a federal grand jury has subpoenaed its financial statements for 2000 to 2005 and accounting documents related to customer and supplier rebates.
Menomonee Falls, WI, August 12--Kohl's reported second quarter earnings of $187.2 million, or $0.54 per share, up from $146.9 million, or $0.43 per share, in the year-ago period.
Washington, DC, August 12--With oil prices surging again, prices of imports rose 1.1% in July, the Labor Department reported Friday.
Washington, DC, August 12-—Usually known as a transitional month for retail, July saw strong gains in retail sales as shoppers continued to supplement trips to the beach with visits to the stores.
Birmingham, England, August 12—-The UK's biggest specialist flooring company will open six stores in Northern Ireland this month, according to the Belfast Telegraph.
Kennesaw, GA, August 12--Roland Elbracht, president, Witex Flooring Inc. posted the following open letter to Witex and Laura Ashley distributors and Retailers on the Internet: