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.

Class-Action Suit Alleging Fraud Impacts Mohawk's Stock Value

Class-Action Suit Alleging Fraud Impacts Mohawk's Stock Value

Chattanooga, TN, July 10, 2020-A class-action lawsuit filed against Mohawk by the Public Employees Retirement System of Mississippi has negatively impacted the company’s stock value by 20%; according to analyst Stifel, the suit, “alleged among other things that Mohawk executives engaged in a scheme to ‘channel stuff’ its Conventional Flooring Products in an effort to make the company’s sales growth and performance appear far better than they were.”

Remote Work Likely to Continue Post-COVID, Reports NBER

Remote Work Likely to Continue Post-COVID, Reports NBER

Cambridge, MA, July 10, 2020- Employers believe that “…more than 40 percent of workers who had switched to remote work during the COVID-19 crisis would continue working remotely after the crisis ends,” reports the National Bureau of Economic Research in a study titled "What Jobs are Being Done at Home During the Covid-19 Crisis? Evidence from Firm-Level Surveys.”

Producer Prices Slid 0.2% in June

Producer Prices Slid 0.2% in June

Washington, DC, July 10, 2020--The Producer Price Index for final demand fell 0.2% in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.

Tarkett Joins Clean Hospitals Network

Tarkett Joins Clean Hospitals Network

Paris, FR, July 10, 2020—Tarkett announces joining the Clean Hospitals network to contribute to improve hospital hygiene and to promote effective, sustainable and evidence-based cleaning guidelines.

ASID Forms Two COVID-Related Task Forces

ASID Forms Two COVID-Related Task Forces

Washington, DC, July 10, 2020—The American Society of Interior Designers (?ASID?) is leading the profession in the fight against COVID-19, using the rich experience and knowledge of its membership and other stakeholders to form two new task forces: the ASID Adaptive Living Task Force and the ASID IMPACT Review Task Force.