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.

Nordstjernan to Acquire Ownership Interest in Vali

Stockholm, Sweden, Dec. 12--Nordstjernan AB (Nordstjernan) has reached an agreement with the Pervan family to acquire an ownership interest in Valinge Holding AB 1 (Valinge), which is the parent company of Valinge Aluminium AB (Valinge Aluminium).

ServiceMaster To Elect New Board Members

Downers Grove, IL, Dec. 18--ServiceMaster's Board of directors will elect two new board members, Betty Jane Scheihing and Roberto R. Herencia, at its upcoming January meeting.

Kmart Shares Delisted

Troy, MI, Dec. 19--Bankrupt retailer Kmart Corp.'s shares will begin trading on the Pink Sheets electronic quotation system on Thursday under the symbol "KMRTQ.PK", ending an 84 year run on the New York Stock Exchange.

UK Carpetright Profits Rise

London, England, Dec. 17--Britain's biggest floorcovering retailer, Carpetright Plc posted a 15.7% rise in first half profit and reported slowing same store sales growth at the start of the second half.

Lowe┬╣s Poised To Expand

Wilkesboro, NC, Dec. 18--Lowe's, which is adding about 60 stores in the greater New York area over the next several years, will spend $80 million to $100 million to add five stores and improve existing ones in northern New Jersey.

Wholesale Prices Drop

Washington, DC, Dec. 13--Wholesale prices dropped 0.4% in November, the biggest decline in six months. The sizable drop in the Producer Price Index, which measures prices of goods before they reach consumers, came after wholesale prices jumped 1.1% in Oct