Kmart’s $12.3B Acquisition of Sears Completed
Hoffman Estates, IL, March 25—-The $12.3 billion acquisition of Sears by Kmart was completed on Thursday producing the nation's third biggest retailer with $55 billion in annual sales.
Today's Flooring News
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.
Williams-Sonoma Earnings Up Despite Charge
San Francisco, CA, March 25—-Williams-Sonoma Inc. reported earnings in the fourth quarter that rose slightly despite a charge for the way it accounts for leases.
New Hardwood Plant Planned in Virginia
Richmond, VA, March 25--The governor's office announced that Designer Wood Tile and Finishing will invest $4.2 million in a factory in southwest Virginia that will produce pre-finished hardwood flooring.
Durable Goods Orders Up 0.3%
Washington, DC, March 24—-Orders for durable goods rose 0.3 percent in February, according to the Commerce Department. Economists had forecast an increase in February of 1 percent.
Schneider Returns as CEO at Forbo
Zurich, March 24—-Forbo shareholders approved rule changes at an extraordinary General Assembly of Forbo Holding AG held in Zurich today.
NAFCD Management Conference Begins May 13
Chicago, March 24--The NAFCD Management Conference, "Business Theory Put into Practical Action," will be held May 13-15, 2005, on The Ohio State University campus in Columbus, Ohio.
Sears, Kmart Deal Set for Clearance
Hoffman Estates, IL, March 24—-The pairing of rivals Sears and Kmart in their $11 billion merger is poised for final clearance today, four months after the proposal engineered by Kmart Chairman Edward Lampert was unveiled.
O’Sullivan Named Director of Invista Unit
Atlanta, GA, March 24--Invista Interiors Business appointed Diane O'Sullivan sales director, Commercial and Transportation, Flooring Division.
Asbestos Bill Reintroduced in House
Washington, DC, March 24--The Fairness in Asbestos Injury Resolution Act just keeps coming back from the dead.
Recycler to Supply Recycled Backings to Interface
Tokyo, Japan, March 24--Refinverse Inc., a recycler of commercial-use carpet tiles, has formed an agreement to provide recycled backing materials to Interface Corp.