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.
Stockholm, Sweden, Dec. 12--Nordstjernan AB (Nordstjernan) has reached an agreement with the Pervan family to acquire an ownership interest in Valinge Holding AB 1 (Valinge), which is the parent company of Valinge Aluminium AB (Valinge Aluminium).
Downers Grove, IL, Dec. 18--ServiceMaster's Board of directors will elect two new board members, Betty Jane Scheihing and Roberto R. Herencia, at its upcoming January meeting.
Dalton, GA, Dec. 13--The floorcovering industry continues to capitalize on the growth of the Internet to simplify the way business gets done.
Troy, MI, Dec. 19--Bankrupt retailer Kmart Corp.'s shares will begin trading on the Pink Sheets electronic quotation system on Thursday under the symbol "KMRTQ.PK", ending an 84 year run on the New York Stock Exchange.
London, England, Dec. 17--Britain's biggest floorcovering retailer, Carpetright Plc posted a 15.7% rise in first half profit and reported slowing same store sales growth at the start of the second half.
Dalton, GA, Dec. 18--The American Floorcovering Alliance (AFA) has formed a marketing relationship with Atlanta based LecStar Telecom, Inc.
Manchester, NH, Dec. 13--Flooring America has named five new members to its Advisory Council.
Wilkesboro, NC, Dec. 18--Lowe's, which is adding about 60 stores in the greater New York area over the next several years, will spend $80 million to $100 million to add five stores and improve existing ones in northern New Jersey.
Washington, DC, Dec. 13--Wholesale prices dropped 0.4% in November, the biggest decline in six months. The sizable drop in the Producer Price Index, which measures prices of goods before they reach consumers, came after wholesale prices jumped 1.1% in Oct
Stockholm, Sweden, Dec. 16--Graninge has signed an agreement to acquire the energy business area of the flooring manufacturer AB Gustaf Kahr.