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.
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.
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.
Stewart to Step Down From Omnimedia Board
New York, NY, Mar. 11--Martha Stewart has acknowledged she must step down from her company's board of directors and now is seeking a replacement.
Pergo Acquisition Discussions Finalized
Trelleborg, Sweden, Mar. 10--Pergo issued a press release dated February 23, 2004 announcing that its Board of Directors had been contacted by an investor who expressed an interest in investigating a possible acquisition of Pergo.
Canadian New Home Prices Up
Ottwaa, Canada, Mar. 10--The prices of new homes in Canada in January rose 0.3% due to higher labor and material costs, equal to December's 0.3% rise, Statistics Canada said on Wednesday.
Albuquerque Man Creates Floor Coloring Systems
Albuquerque, NM, Mar. 10--An Albuquerque man has created and patented a floor coloring system that can transform existing unattractive or out-of-date tile, discolored vinyl or uneven concrete into a gleaming one-of-kind finish.