Kmart Quarterly Loss Narrows
Troy, MI, Aug. 11--Kmart Holding Corp. on Friday posted audited first-quarter results that reflect the impact of "fresh start" accounting after the retailer emerged from bankruptcy protection.
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.
Armstrong Plans To Create New Stock
Lancaster, PA, Aug. 9--One change in ownership for Armstrong World Industries already is planned. And that may not be the only one, the company's top executive acknowledged, according to a report in the Lancaster New Era.
Martha Stewart Revenue Down
New York, NY, Aug. 11--Martha Stewart Living Omnimedia, the retail and lifestyle empire built around its namesake founder, on Monday reported lower second-quarter profit as revenue fell 16.3 percent.
Armstrong Reports Operating Loss
Lancaster, PA, Aug. 8--Armstrong Holdings, Inc. today reported second quarter 2003 net sales of $826.9 million that were 0.1% higher than second quarter net sales of $825.7 million in 2002.
Corporate Spending May Be On The Rise
New York, NY, Aug. 8--Although wary from rallies that never materialized and economic bright spots that quickly faded, economists are beginning to feel more confident: They have raised expectations for third-quarter growth
DuPont To Restructure Canadian Operations
Mississauga, Ontario, Aug. 8--DuPont Canada is restructuring its Canadian operations as part of a wider plan by its U.S. parent to fold the subsidiary's textiles and fibres business into a new and separate global company.
BOMA Launches Online Seminar
Washington, DC, Aug. 7--The Building Owners and Managers Association (BOMA) International, the leading advocacy group for the commercial real estate industry, has launched a new online seminar
Congoleum Bondholders Approve Indenture Amendments
Mercerville, NJ, August 8--Congoleum Corporation today announced that Congoleum and the trustee for Congoleum's 8 5/8% Senior Notes Due 2008 have adopted certain amendments to the indenture governing the notes.
American Biltrite Plans To Exit Wood Business
Wellesley Mills, MA, August 7--American Biltrite Inc., Congoleum's majority shareholder, reported today that it plans to sell or otherwise dispose of its Janus pre-finished hardwood flooring business and will record a charge to second quarter earnings
DTI Names Transportation Flooring Business Manager
Kennesaw, GA, Aug. 7--DuPont Textiles & Interiors (DTI), the largest integrated textile fiber and interiors business in the world, is pleased to announce the appointment of Russell Pike to the position of transportation flooring business manager.