North Carolina Lawmakers Scope Out High Point Mark
High Point, NC, Oct. 21--State legislators strolled through High Point's three largest showrooms Friday at the International Home Furnishings Market according to the High Point Enterprise.
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.
Louisiana-Pacific Sells Timberland for $290 Millio
Portland, OR, Oct. 20--Louisiana-Pacific Corp. sold about 463,000 acres of timberland located in southeast Texas for $290 million, bringing to a close the timberland portion of its divestiture program.
Armstrong Offers Employee Stock Ownership Settleme
Lancaster, PA, Oct. 17--Armstrong World Industries Inc. has agreed to pay $1.5 million to end a two-year dispute with the U.S. Department of Labor over the company's employee stock ownership plan, an Armstrong filing says.
Federated To Close Ohio Store
Cincinnati, OH, Oct. 17--Federated Department Stores Inc. plans to close its Lazarus-Macy's store in downtown Columbus, Ohio in August, and write down the assets in its third-quarter results. The writedown is expected to be about $12 million.
Reclaimed Wood Flooring Firm Signs Licensing Agree
Novato, CA, Oct. 20--Smith & Hawken, America's premier garden lifestyle retailer, announced today it has signed its first licensing agreement with TerraMai, a California-based manufacturer of reclaimed wood flooring and decking systems.
Former Executives' Case Spotlights Kmart's
Troy, MI, Oct. 18--Prosecutors say Enio (Tony) Montini Jr. and Joseph Hofmeister conspired to cook Kmart's books.
Sears' Profits Fall
Hoffman Estates, IL, Oct. 16--Sears, Roebuck and Co. posted higher same-store sales for the first time in more than two years, but third-quarter profits fell 22 percent on a whopping cost to overhaul its Great Indoors home decor stores.
Kmart Keeps Martha In New Ads
Troy, MI, Oct. 17--Discount retailer Kmart will launch its first new advertising campaign this weekend since emerging from bankruptcy, and style guru Martha Stewart's collection will get prominent play despite her high-profile legal woes.
Chas Sydney Takes On Additional Role At AmericasMa
Atlanta, GA, Oct. 17--AmericasMart gains additional momentum with the appointment of Chas Sydney as senior vice president of new business development for AMC, Inc., parent of AmericasMart.
Housing Starts Rebound
Washington, DC, Oct. 17--Home-building activity in September rebounded to its second- highest level this year, showing that the housing sector continues to bolster the overall U.S. economy.