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.
Mercerville, NJ, Mar. 11--Congoleum Corporation reported its financial results for year ended December 31, 2003. Sales for the year were $220.7 million, a decrease of 7.0% compared to the $237.2 million reported in 2002.
Washington, DC, Mar. 12--U.S. business inventories rose 0.1% in January, an increase that was smaller than expected, as sales rose.
Troy, MI, Mar. 10--Kmart Holding Corp. named Paul Guyardo senior vice president and chief marketing officer.
Minneapolis, MN, Mar. 11--Target Corp. is considering selling its lagging department store divisions, Mervyn's and Marshall Field's.
Greensboro, NC, Mar. 11--New owners of the property housing Burlington Industries' headquarters plan to demolish the structure and make way for new mixed-use development.
Dalton, GA, Mar. 11--Shaw Industries Inc. is taking a "wait-and-see" approach to its Martha Stewart Signature floor covering line, a Shaw official said Monday in a story by Bob Gary Jr. of the Chattanooga Times/Free Press.
Hoffman Estates, IL, Mar. 11--Sears, Roebuck and Co. cut its work force by 17% in 2003, but turnover in its executive suite was twice that rate.
New York, NY, Mar. 11--Martha Stewart has acknowledged she must step down from her company's board of directors and now is seeking a replacement.
Trelleborg, Sweden, Mar. 10--Pergo issued a press release dated February 23, 2004 announcing that its Board of Directors had been contacted by an investor who expressed an interest in investigating a possible acquisition of Pergo.
Ottwaa, Canada, Mar. 10--The prices of new homes in Canada in January rose 0.3% due to higher labor and material costs, equal to December's 0.3% rise, Statistics Canada said on Wednesday.