WEST POINT - A Georgia textile company is planning big changes in response to lagging sales. <br>
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WestPoint Stevens of West Point, Georgia, says Friday that it will close some underperforming stores and shift production from towels to bedding. <br>
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The company is the nation's top make of bed linens and bath towels. It produces the Martha Stewart line of bed and bath linens for Kmart. <br>
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WestPoint Stevens shares reached a new 52-week low on the New York Stock Exchange Friday, down 30 cents to 74 cents. The stock had traded at a year high of $6.05 on April 24, after the company predicted growth in 2002 despite a decline in sales to Kmart. <br>
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The company also makes sheets and home textiles under the Martex, Lady Pepperell, Ralph Lauren Home and Disney Home brands or licenses.
