May to Buy Marshall Field's
St. Louis, MO, Jun. 9--In a deal valued at $3.2 billion, May Department Stores has agreed to buy Marshall Field's from Target Corp.
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.
Carpet One Launches New Curriculum
Manchester, NH, Jun. 9--This summer, Carpet One is rolling out two new courses at Carpet One University, the floorcovering retailer’s proprietary training program for its store owners and their employees.
Target Could Sell Marshall Field's This Week
New York, NY, Jun. 9--Target Corp. may announce this week that it is selling its Marshall Field's department-store chain to either Federated Department Stores or May Department Stores, according to an analyst at A.G. Edwards & Sons Inc.
APAC Launches Floor Prep Product Line
Dalton, GA, Jun. 9--All Purpose Adhesive Co, has expanded its line of floor prep products by introducing V-BLOCK Moisture Emissions Reducer and ENCapSeal Encapsulator, sealer, primer.
Wholesale Inventories Decline in April
Washington, DC, June 9--Inventories at U.S. wholesalers fell in April, their first decline since August 2003, while sales at the wholesale level posted another healthy monthly gain.
Pergo Lands State Funds for its $36M Expansion
Garner, NC, June 9--Laminate flooring firm Pergo Inc. will receive $100,000 in One North Carolina Funds from the state as part of the Swedish company's plans to expand its Garner operations.
KB Home Buys Midwestern Homebuilder
Los Angeles, CA, Jun. 8--Furthering the company's Midwest expansion, KB Home reported Tuesday it acquired privately held Dura Builders Inc., an Indianapolis-based homebuilder with 2003 revenues of more than $75 million.
Tricycle to Show Sustainable Carpet Sampling Pract
Chattanooga, TN, Jun. 9--Tricycle, Inc. is featuring sustainable carpet sampling practices from some of commercial carpet’s best-known brands at NeoCon this month.
Domco Announces Price Increases
Farnham, Quebec, Jun. 9--Domco will increase prices from 2% to 6% on selected resilient flooring products, effective August 1, 2004.
2004 Could Be Record Year for Existing-Home Sales
Washington, DC, Jun. 9--Unexpectedly strong job growth will buffer the impact of higher interest rates and help to push existing-home sales to a record in 2004, according to the National Association of Realtors.