Jaeckle to Distribute Nafco by Tarkett Line
Houston, TX, June 30—Nafco by Tarkett announced today that Jaeckle Wholesale, Inc., of Madison, Wis., has joined the Tarkett distribution family.
Today's Flooring News
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.
Fed Ups Funds Rate to 1.25%
Washington, DC, June 30--The Federal Reserve raised its key short-term interest rate for the first time in four years today, kicking off what it said is likely to be a "measured" campaign to return the rate to a level appropriate for a healthy economy.
Saudi Group to Invest in Carpet Backing Facility i
Jeddah, Saudi Arabia, June 30—The Mattex International Group, which is based in Jeddah, has announced a lease agreement with Dubai Techno Park for the occupation of 1,000,000 sq ft of land with a total investment of Dh4 00 million.
Strong Consumer Indicators Don’t Match Wal-Mart’s
New York, June 30--Consumer confidence may be surging, but tell it to companies like Wal-Mart, Target and General Motors.
Sears to Acquire or Lease 61 Stores from Kmart and
Hoffman Estates, IL, June 30—Sears announced today it has agreed to acquire ownership or leasehold interest in up to 61 off-mall stores in key Sears markets from Kmart and Wal-Mart for approximately $620 million in cash.
EPA Close to Taking Action Against DuPont Over PFO
Washington, June 30--The EPA is close to deciding whether DuPont kept back health information from the government about perfluorooctanoic acid (PFOA), which is used to make fluoropolymers, according to Asia Intelligence Wire.
RD Weis Buys Invironmentalists' NYC and Boston
Port Chester, NY, June 30--The Invironmentalists and RD Weis Companies are pleased to announce RD Weis Companies' intention to acquire certain assets in The Invironmentalists' New York, NY and Canton, MA locations.
Midwest Factory Activity Cools
Chicago, June 30--The Purchasing Management Association of Chicago index of area business activity fell to 56.4 in June on a seasonally adjusted basis from 68.0 in May.
Weyerhaeuser to Sell 304,000 Acres of Timberland
Federal Way, WA, June 30-- Weyerhaeuser will sell approximately 304,000 acres of timberlands in Georgia to four companies, officials announced today.
Kinder, Gentler Big-Box Stores Open in Suburbia
Gurnee, IL, June 29--A shopper-friendly crop of big-box stores is sprouting up in U.S. suburbs, featuring wider aisles and colorful signs, in contrast to the "stack-'em-high, sell-'em-cheap" model perfected by Wal-Mart.