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.

Former Executives' Case Spotlights Kmart's

Troy, MI, Oct. 18--Prosecutors say Enio (Tony) Montini Jr. and Joseph Hofmeister conspired to cook Kmart's books.

Housing Starts Rebound

Washington, DC, Oct. 17--Home-building activity in September rebounded to its second- highest level this year, showing that the housing sector continues to bolster the overall U.S. economy.

Builder Confidence Surges

Washington, DC, Oct. 16--Builder confidence in the market for single-family homes surged in October to the highest level in almost four years, according to the National Association of Home Builders’ Housing Market Index.

ITW Reports Increase In Third Quarter EPS

Glenview, IL, Oct. 16--Illinois Tool Works Inc. today reported that 2003 third quarter income per diluted share from continuing operations increased 10%.

Sears' Profits Fall

Hoffman Estates, IL, Oct. 16--Sears, Roebuck and Co. posted higher same-store sales for the first time in more than two years, but third-quarter profits fell 22 percent on a whopping cost to overhaul its Great Indoors home decor stores.

Kmart Keeps Martha In New Ads

Troy, MI, Oct. 17--Discount retailer Kmart will launch its first new advertising campaign this weekend since emerging from bankruptcy, and style guru Martha Stewart's collection will get prominent play despite her high-profile legal woes.

Chas Sydney Takes On Additional Role At AmericasMa

Atlanta, GA, Oct. 17--AmericasMart gains additional momentum with the appointment of Chas Sydney as senior vice president of new business development for AMC, Inc., parent of AmericasMart.

Honeywell Nylon Restructures Its Operations

Richmond, VA, Oct. 15--Honeywell Nylon today announced the proposed undertaking of three simultaneous actions that would impact its nylon fiber manufacturing facility in Chesterfield County, VA.

Solutia To Restructure Debt

St. Louis, MO, Oct. 16--Solutia, Inc. today announced that it has initiated discussions with its bondholders concerning a restructuring of the company's debt and obligations.

Mohawk Celebrates 125th Anniversary

Dalton, GA, Oct. 16--Coca-Cola, Hershey’s, Disney, Moon Pie—brand names you know and love. The Mohawk brand is older than any of them.