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.
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.
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.
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, VA, March 25--Bassett Furniture reported first-quarter earnings edged slightly higher on a 5 percent hike in sales.
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.
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.
Washington, DC, March 24--The Fairness in Asbestos Injury Resolution Act just keeps coming back from the dead.
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.
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.
Washington, DC, March 24—-Orders for durable goods rose 0.3 percent in February, according to the Commerce Department. Economists had forecast an increase in February of 1 percent.