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.
Calhoun, GA, Mar. 12--SI Flooring Systems is announcing a 10% price increase across its entire product line of carpet backing products as a result of escalating raw material prices and higher fixed costs.
Linwood, PA, Mar. 12--Foamex International Inc. said it expects pension expense to decrease by $1.4 million to $1.8 million in 2004,primarily because of the growth in plan assets.
New York, NY, Mar. 12--Martha isn't going anywhere yet--in terms of merchandise, there's going to be more of her than ever.
Des Moines, IA, Mar. 12--Todd Wilson can change the color of a carpet in less than a minute, according to the Ithaca New York Journal.
Mercerville, NJ, Mar. 11--Congoleum Corporation reported its financial results for year ended December 31, 2003. Sales for the year were $220.7 million, a decrease of 7.0% compared to the $237.2 million reported in 2002.
Washington, DC, Mar. 12--U.S. business inventories rose 0.1% in January, an increase that was smaller than expected, as sales rose.
Hoffman Estates, IL, Mar. 11--Sears, Roebuck and Co. cut its work force by 17% in 2003, but turnover in its executive suite was twice that rate.
New York, NY, Mar. 11--Martha Stewart has acknowledged she must step down from her company's board of directors and now is seeking a replacement.
Troy, MI, Mar. 10--Kmart Holding Corp. named Paul Guyardo senior vice president and chief marketing officer.
Minneapolis, MN, Mar. 11--Target Corp. is considering selling its lagging department store divisions, Mervyn's and Marshall Field's.