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.

Lear to Close Some Plants

Southfield, MI, June 27—-Auto interior company Lear said Monday that will close some plants and combine others as it moves certain manufacturing operations to lower-cost countries to save money in the face of unfavorable conditions in the auto industry.

West Point Stevens Acquired for $703M

West Point, GA, June 27--West Point Stevens has been bought by American Real Estate Holding LP for $703 million, according to a filing with the Securities and Exchange Commission.

Adams Named Macy Home Chairman

Cincinnati, OH, June 27--Federated Department Stores named Timothy M. Adams chairman of Macy's Home Store, replacing Eric Salus, who resigned the position to pursue other interests.

Feltex COO Officer Will Also Leave

Wellington, New Zealand, June 24--Feltex Carpets Ltd.'s chief operating officer will depart the company following its second hefty profit downgrade since listing a year ago, the National Business Review reported Friday.

Macy's Home Store Chairman Resigns

Cincinnati, OH, June 24--Federated Department Stores on Thursday said Macy's Home Store division chairman Eric Salus is resigning and named Timothy M. Adams to take his place, effective July 25.