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.
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.
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.
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.
Recycler to Supply Recycled Backings to Interface
Tokyo, Japan, March 24--Refinverse Inc., a recycler of commercial-use carpet tiles, has formed an agreement to provide recycled backing materials to Interface Corp.
Asbestos Bill Reintroduced in House
Washington, DC, March 24--The Fairness in Asbestos Injury Resolution Act just keeps coming back from the dead.
Hardwood Veteran Opens Outlet in Kentucky
Bowling Green, KY, March 24--It sounds like an old Chinese proverb, but the reality could be thousands of dollars in repair or replacement costs for your premium Brazilian cherry hardwood flooring.
NAFCD Management Conference Begins May 13
Chicago, March 24--The NAFCD Management Conference, "Business Theory Put into Practical Action," will be held May 13-15, 2005, on The Ohio State University campus in Columbus, Ohio.
Schneider Returns as CEO at Forbo
Zurich, March 24—-Forbo shareholders approved rule changes at an extraordinary General Assembly of Forbo Holding AG held in Zurich today.
Sears, Kmart Deal Set for Clearance
Hoffman Estates, IL, March 24—-The pairing of rivals Sears and Kmart in their $11 billion merger is poised for final clearance today, four months after the proposal engineered by Kmart Chairman Edward Lampert was unveiled.
O’Sullivan Named Director of Invista Unit
Atlanta, GA, March 24--Invista Interiors Business appointed Diane O'Sullivan sales director, Commercial and Transportation, Flooring Division.