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.
Troy, MI, Jan. 15-Kmart plans to close 326 stores and cut 37,000 jobs as part of a plan to pull itself out of bankruptcy by the end of April. If the bankruptcy court approves the store closings, Kmart will have about 1,500 stores, a third less than when i
Wilmington, DE, Jan. 15--DuPont expects reported earnings for the fourth quarter 2002 to be between $.31 and $.33 per share, slightly below the company's initial outlook. The net impact of special items for the quarter is expected to be immaterial.
Washington, DC, Jan. 14--Wholesale prices were flat in December as falling prices for cars, computers and telephone equipment offset higher prices for gasoline and other energy products.
Mercerville, NJ, Jan. 13--Congoleum Corporation plans to file a prepackaged plan of reorganization under Chapter 11 of the United States Bankruptcy Code. The move is part of a reorganization strategy to free itself from mounting asbestos claims.
Morris Township, NJ, Jan. 14--Honeywell has agreed to purchase BASF’s $350 million nylon fiber business as part of a deal in which BASF will acquire Honeywell’s engineering plastics business.
Trelleborg, Sweden, Jan. 14--Anthony Sturrus has been named president of Pergo, Inc. as well as senior vice president of the North American region of Pergo. He replaces Lars von Kantzow who resigned in October.
Farnham, Quebec, Jan. 13--Domco Tarkett has selected Lars von Kantzow, former president and CEO of Pergo and now president of TriCrown Consulting in Cary, North Carolina, to spearhead a corporate identity and branding program, according to Ulf Mattsson,
New York, NY, Jan. 13-- The nation's unemployment rate held at 6% in December, according to the Labor Department, as employers cut over 101,000 positions, the sharpest decline in 10 months.
Washington, DC, Jan. 10--Rates on 30 year mortgages edged up this week after dropping to a new low last week. But rates are still sufficiently low to be attractive to house hunters thinking about buying a home and people mulling refinancing the home that
Boca Raton, FL, Jan. 9--Q.E.P. Co., a manufacturer, marketer and distributor of a broad line of specialty tools and flooring related products, had net sales its fiscal 2003 third quarter ended November 30 grew 21% versus the comparable prior year period,