Kmart Posts Profit
Troy, MI, May 17--Kmart Holding Corp. on Monday posted its second consecutive quarterly profit as it cut costs and pared inventory, reducing clearance sales.
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.
New York Carpet Store Closing After 86 Years
Catskill, NY, May 14--The doors of Oren's Furniture open today for the beginning of the end, according to the Daily Freeman.
Business Inventories Up
Washington, DC, May 14--Business inventories increased 0.7% to a seasonally adjusted $1.205 trillion in March, after a revised 0.8% advance in February, the Commerce Department reported Friday.
Pergo & Classen Group Form Partnership
Trelleborg, Sweden, May 14--Pergo is a major Swedish laminate flooring company with leading positions in the markets especially in North America and Europe.
Consumer Prices Rise Slightly
Washington, DC, May 14--Consumer prices rose at the slowest pace in four months in April as energy prices stabilized, suggesting that inflation remains safely below levels that might spur the Federal Reserve to raise interest rates rapidly.
Target's Earnings Rise
Minneapolis, MN, May 13--First-quarter earnings at Target Corp. jumped 25% as the company's namesake discount store continued to carry its other two sluggish divisions.
Shaw Presents Advantage 04 Program to Retailers
Dalton, GA, May 14--Shaw Industries recently completed presentations of its Shaw Advantage 04 program to floorcovering retailers throughout the country.
Sears to Trim Size of Sears Grand Stores to Boost
Hoffman Estates, IL, May 14--In recent months, Sears, Roebuck and Co. has opened two freestanding Sears Grand stores--each exceeding 200,000 square feet.
Oil Prices Crimp Profits for Carpet Industry
New York, NY, May 12--According to a report from Reuters a rapid surge in oil prices has pulled the rug out from under the U.S. carpet industry.
Armstrong DD GrassMaster Gets Olympic Workout
Lancaster, PA, May 13--The 2004 Olympic Games’ football (soccer) competitions scheduled in the Panthessaliko Stadium in Volos, Greece will play out on DD GrassMaster.