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.
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.
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.
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.
Troy, MI, Oct. 18--Prosecutors say Enio (Tony) Montini Jr. and Joseph Hofmeister conspired to cook Kmart's books.
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.
Washington, DC, Oct. 16--Builder confidence in the market for single-family homes surged in October to the highest level in almost four years, according to the National Association of Home Builders’ Housing Market Index.
Glenview, IL, Oct. 16--Illinois Tool Works Inc. today reported that 2003 third quarter income per diluted share from continuing operations increased 10%.
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.
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.
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.