March 31, 2015
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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.
Mohawk to Settle Class-Action Suit Regarding Carpet Pad Business
St. Louis, MO, March 30, 2015--Mohawk has filed an 8K announcing an amended credit agreement and a $125 million charge to settle a class action suit, Stifel Nicolaus reports.
Forbo Annual Report Shows Both Flooring and U.S. Sales Up
Baar, Switzerland, March 30, 2015—Forbo released its 2014 business report, which says that the company closed 2014 at just over $1.272 billion.
Consumer Spending Rises Modestly
Washington, DC, March 30, 2015—Consumer spending rose 0.1% in February over the previous month, reports the Commerce Department.
High Point Market Remerchandises Accessories, Including Rugs
High Point, NC, March 30, 2015—The High Point Market has completed a comprehensive remerchandising effort on its IHFC accessory floors, which should result in a streamlined shopping experience for customers.
Laticrete Launches E-Learning Technical Seminars
Bethany, CT, March 30, 2015—Laticrete has launched an e-learning program called Latricrete University, based on its Profit Through Knowledge technical seminars.
Home Prices Rising 13 Times Faster than Wages
New York, NY, March 27, 2015—Home prices are increasing 13 times faster than wages, according to a report from RealtyTrac.
Consumer Confidence Declined in February, Though Less than Expected
Ann Arbor, MI, March 27, 2015—Consumer confidence fell to 93 from 95.4 in February, according to a University of Michigan survey.
Jobless Claims Decrease
Washington, DC, March 27, 2015—Jobless claims fell by 9,000 last week, according to a Labor Department report.
LL Under Investigation by Consumer Product Safety Commission
Bethesda, MD, March 26, 2015—Lumber Liquidators is under investigation by the U.S. Consumer Product Safety Commission, reported commission chairman Elliot F. Kaye in a conference call.
Florim Group Joins Intrapresæ Collezione Guggenheim
Fiorano Modenese MO, ITA, March 26, 2015--The Florim Group has joined forces with Intrapresæ Collezione Guggenheim, a group of companies who support the Peggy Guggenheim Collection's exhibitions and activities since 1992.
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