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.

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.

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

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.

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.

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

GGST Looking To Sell Pillowtex Assets

Los Angeles,CA, Aug. 6--GGST, the group buying the assets of bankrupt towel and bedding manufacturer Pillowtex Corp. on Tuesday said it has begun seeking buyers for those assets.

Arizona Floor Covering Association Meeting To Feat

Phoenix, AZ, August 7--“E-ommerce”, “B2B”, “B2C”, “real-time information exchange” are just a few of the current edge technology trends that the Arizona Floor Covering Association has taken on for its October 2, 2003 meeting.