China’s Demand for Wood Endangering Russian Forest
Moscow, Russia, March 28--Increasing demand for wood by China's booming construction and furniture industries is endangering huge areas of Russia's Siberian forests.
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.
Steelcase to Close Some Michigan Plants
Grand Rapids, MI, March 28--Steelcase said Monday it will further consolidate its North America operations and expects to close several manufacturing facilities in the Grand Rapids area.
Georgia Man Pleads Guilty in Rug Fraud Scheme
Atlanta, GA, March 25--A Georgia man pleaded guilty Thursday to taking part in a scheme that used switched bar codes to steal more than $200,000 in rugs and other merchandise.
Coverings Will Showcase Display of Ancient Ceramic
Alexandria, VA, March 25--Coverings will collaborate with the Tile Heritage Foundation to showcase a display of historic ceramic tiles at Coverings 2005.
Collins & Aikman Audit Committee Retains Counsel
Troy, MI, March 25—-Automobile carpet and interiors company Collins & Aikman Corp. said its Audit Committee has retained independent counsel to assist it in its investigation of the company's accounting for certain supplier rebates.
Kmart’s $12.3B Acquisition of Sears Completed
Hoffman Estates, IL, March 25—-The $12.3 billion acquisition of Sears by Kmart was completed on Thursday producing the nation's third biggest retailer with $55 billion in annual sales.
Williams-Sonoma Earnings Up Despite Charge
San Francisco, CA, March 25—-Williams-Sonoma Inc. reported earnings in the fourth quarter that rose slightly despite a charge for the way it accounts for leases.
Bassett Furniture Earnings Edge Up in 1Q
Bassett, VA, March 25--Bassett Furniture reported first-quarter earnings edged slightly higher on a 5 percent hike in sales.
Stone Mountain-GCO Recognizes Award Winners
St. Louis, MO, March 25--Stone Mountain’s Flooring Outlet-GCO Flooring Outlet recently honored top franchisees, managers, sales staff and outlets for their outstanding achievements at the 2005 Stone Mountain-GCO Convention held in Nashville, Tennessee.
New Hardwood Plant Planned in Virginia
Richmond, VA, March 25--The governor's office announced that Designer Wood Tile and Finishing will invest $4.2 million in a factory in southwest Virginia that will produce pre-finished hardwood flooring.