Sears to exit floor covering business
January 4, 2002,
Hoffman Estates, IL — Sears is exiting the custom decorating and installed floor coverings business during the first quarter of this year.
Sears, once the largest retailer of broadloom carpet in the country, will eliminate this product segment from its mix that is offered in more than 550 of its full line stores. It will affect some 1,500 sales people.
Customers in both businesses transacted a large portion of their purchases through Sears credit programs.
The company's custom decorating department that offfered custom fabric and hard window coverings was represented in about 400 full line stores and involves about 550 decorators, some of whom represented districts rather than specific stores.