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.
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.
Asbestos Bill Reintroduced in House
Washington, DC, March 24--The Fairness in Asbestos Injury Resolution Act just keeps coming back from the dead.
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.
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.
Durable Goods Orders Up 0.3%
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.
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.