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.

Milliken Honors StarNet Member Bonitz

Ridgefield, CT, May 17--StarNet Commercial Flooring Cooperative announces that one of its members--Bonitz Flooring Group of Greenville, SC--has been honored with the 2003 “Premier Dealer Partner of the Year award” from Milliken Carpet.

Court OKs Congoleums Chapter 11 Plan

Mercerville, NJ, May 14--Congoleum Corp. got bankruptcy-court approval of its Chapter 11 plan disclosure statement, according to its quarterly report filed Friday with the Securities and Exchange Commission.

Kmart Posts Profit

Troy, MI, May 17--Kmart Holding Corp. on Monday posted its second consecutive quarterly profit as it cut costs and pared inventory, reducing clearance sales.

Business Inventories Up

Washington, DC, May 14--Business inventories increased 0.7% to a seasonally adjusted $1.205 trillion in March, after a revised 0.8% advance in February, the Commerce Department reported Friday.

Consumer Prices Rise Slightly

Washington, DC, May 14--Consumer prices rose at the slowest pace in four months in April as energy prices stabilized, suggesting that inflation remains safely below levels that might spur the Federal Reserve to raise interest rates rapidly.

Target's Earnings Rise

Minneapolis, MN, May 13--First-quarter earnings at Target Corp. jumped 25% as the company's namesake discount store continued to carry its other two sluggish divisions.