J.C. Penney Earnings Off
Plano, TX, May 18--J.C. Penney Co Inc. reported lower quarterly net profit, hurt by charges from the sale of the Eckerd drugstore chain, although sales rose almost 9%.
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 Industry Using More Recycled Materials
Ocala, FL, May 16--In the U.S. home-building arena, much progress has been made in building houses that are more resource-efficient. Less energy is needed to heat and cool them. Many commonly used building materials are made with less waste, less water an
Milliken Honors StarNet Member Bonitz
Ridgefield, CT, May 17--StarNet Commercial Flooring Cooperative announces that one of its members--Bonitz Flooring Group of Greenville, SC--has been honored with the 2003 “Premier Dealer Partner of the Year award” from Milliken Carpet.
Court OKs Congoleums Chapter 11 Plan
Mercerville, NJ, May 14--Congoleum Corp. got bankruptcy-court approval of its Chapter 11 plan disclosure statement, according to its quarterly report filed Friday with the Securities and Exchange Commission.
Kmart Posts Profit
Troy, MI, May 17--Kmart Holding Corp. on Monday posted its second consecutive quarterly profit as it cut costs and pared inventory, reducing clearance sales.
Spanish Design Firm Receives ICFF Editors Award
New York, NY, May 17--Each year, a panel of international editors bestows the ICFF Editors Awards at the International Contemporary Furniture Fair, which was held May 15 to May 18 in New York.
New York Carpet Store Closing After 86 Years
Catskill, NY, May 14--The doors of Oren's Furniture open today for the beginning of the end, according to the Daily Freeman.
Business Inventories Up
Washington, DC, May 14--Business inventories increased 0.7% to a seasonally adjusted $1.205 trillion in March, after a revised 0.8% advance in February, the Commerce Department reported Friday.
Pergo & Classen Group Form Partnership
Trelleborg, Sweden, May 14--Pergo is a major Swedish laminate flooring company with leading positions in the markets especially in North America and Europe.
Target's Earnings Rise
Minneapolis, MN, May 13--First-quarter earnings at Target Corp. jumped 25% as the company's namesake discount store continued to carry its other two sluggish divisions.