Today's Flooring News

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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 Reports 3rd Quarter Loss of $383 Million

Detroit, MI, Dec. 23--Kmart posted a loss of $383 million, or $0.76 per share in the third quarter, compared to a restated loss of $249 million, or $0.50 per share in the same period a year ago.

Synthetic Turf Signs Agreement with Turf Koat, Won

Colorado Springs, CO, Dec. 23--Synthetic Turf Corporation of America has signed an agreement with Turf Koat, Inc. to supply an antimicrobile product for coating synthetic turf. The product helps prevent growth of bacteria and turf mold.

IICRC Stresses Importance of Background Checks

Vancouver, WA, Dec. 18--The Institute of Inspection, Cleaning and Restoration Certification (www.iicrc.org) acknowledges employee background checks as a necessary and cost effective step in the cleaning and restoration industry¹s hiring process.

Flooring Shipper Using Satellite Tracking

Chattanooga, TN, Dec. 18--U.S. Xpress Enterprises, the fifth largest publicly owned truckload carrier in the country and a subsidiary of floorcovering distributor CSI/Crown, Inc., has agreed to equip its entire fleet of 5,500 trucks with Aether MobileMax.

Home Depot Hits Milestone

Atlanta, GA, Dec. 19--Home Depot today opened its 1,500th store, located in Abilene, Texas, and reaffirmed it is on target to add 200 locations and create 40,000 new jobs by the end of its fiscal year.

Housing Starts Up

Washington, DC, Dec. 17--U.S. housing starts rose 2.4% in November, only partially reversing a big slide the month before, as low mortgage rates lured buyers.

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.