Foamex Sees 2004 Pension Expense Dropping
Linwood, PA, Mar. 12--Foamex International Inc. said it expects pension expense to decrease by $1.4 million to $1.8 million in 2004,primarily because of the growth in plan assets.
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.
Retailers Stock Up on Martha's Gear
New York, NY, Mar. 12--Martha isn't going anywhere yet--in terms of merchandise, there's going to be more of her than ever.
Dyeing For a Change
Des Moines, IA, Mar. 12--Todd Wilson can change the color of a carpet in less than a minute, according to the Ithaca New York Journal.
Congoleum Reports Decreased Sales
Mercerville, NJ, Mar. 11--Congoleum Corporation reported its financial results for year ended December 31, 2003. Sales for the year were $220.7 million, a decrease of 7.0% compared to the $237.2 million reported in 2002.
Business Inventories Up
Washington, DC, Mar. 12--U.S. business inventories rose 0.1% in January, an increase that was smaller than expected, as sales rose.
Kmart Names New Chief Marketing Officer
Troy, MI, Mar. 10--Kmart Holding Corp. named Paul Guyardo senior vice president and chief marketing officer.
Target May Sell Mervyn's, Marshall Field's
Minneapolis, MN, Mar. 11--Target Corp. is considering selling its lagging department store divisions, Mervyn's and Marshall Field's.
Burlington Headquarters to Be Torn Down
Greensboro, NC, Mar. 11--New owners of the property housing Burlington Industries' headquarters plan to demolish the structure and make way for new mixed-use development.
Shaw: Jury Still Out on Martha Stewart Line
Dalton, GA, Mar. 11--Shaw Industries Inc. is taking a "wait-and-see" approach to its Martha Stewart Signature floor covering line, a Shaw official said Monday in a story by Bob Gary Jr. of the Chattanooga Times/Free Press.
High Turnover Rate for Sears Execs
Hoffman Estates, IL, Mar. 11--Sears, Roebuck and Co. cut its work force by 17% in 2003, but turnover in its executive suite was twice that rate.