Initial Jobless Claims Rise Unexpectedly
Washington, DC, Feb. 26, 2009--Initial jobless claims rose unexpectedly last week and total benefit rolls soared to a record high.
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.
Durable Goods Orders Fell in January
Washington, DC, Feb. 26, 2009--Durable goods orders fell for a record sixth consecutive month in January.
Milliken To Cut Workforce Worldwide
Spartanburg, SC, Feb. 25, 2009--Milliken & Co. said Tuesday it will lay off about 650 employees, or 6.5 percent of its work force, because of worsening economic conditions.
Shaw Running 'Spring is Green' Retailer Promotion
Dalton, GA, Feb. 24, 2009--In coordination with Shaw’s second sponsorship of The 2009 HGTV Green Home Giveaway, Shaw’s launching the company’s biggest promotion yet, Spring is Green.
Home Resales Fall in January
Washington, DC, Feb. 25, 2009--The National Association of Realtors said Wednesday that sales of existing homes fell 5.3 percent to an annual rate of 4.49 million last month.
Start-Up Whole Log Co. Sees Solid 2008 Sales
Zirconia, NC, Feb. 26, 2009 -- Whole Log Lumber Company said its sales grew by nearly 50 percent last year and so far this year has started out strong.
Foamex Gets Court Approval To Access DIP Money
Media, PA, Feb. 25, 2009--Foamex International Inc. said Tuesday that it has received approval from a U.S. bankruptcy court to access financing that will allow the company to continue operating normally while it restructures its debt.
Mohawk Focusing on Value Products To Boost Sales
Calhoun, GA, Feb. 25, 2009--Although Mohawk CEO Jeffrey Lorberbaum painted a fairly challenging picture for 2009, it was clear the company continues to make significant adjustments to deal with the recession.
Colonial Mills Hires Independent Sales Force
Pawtucket, RI, Feb. 24, 2009--Colonial Mills has reorganized its sales department by hiring 19 outside, independent sales representatives.
Dixie Group Reports Losses for Quarter, Year
Chattanooga, TN, Feb. 25, 2009--The Dixie Group reported a fourth quarter net loss of $31.8 million, or $2.60 per share, compared to net income of $1.4 million, or $0.11 per share in 2007.