Announced Corporate Layoffs Hit Seven-Year High
Chicago, IL, Feb. 4, 2009--Major retailers cut their payrolls in January, helping to push the total number of corporate announced layoffs in the month to the most in seven years.
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.
Sales Improve but Carpetright Expects Tough Year
London, England, Feb. 3, 2009--The sharp decline in sales at Carpetright slowed in January.
Retail Sales Up in Week but Down Vs. Last Year
New York, NY, Feb. 3, 2009--There was continued contraction in two key U.S. retail sales surveys in the week ending Jan. 31.
Welco Names Arizona Firms to Sales Effort
Vancouver, British Columbia, Canada, Feb. 3, 2009--Welco Floor Coverings has signed Lester & Associates of Scottsdale, Ariz. to help with sales and marketing.
Heileson Earns LEED Accredited Professional Status
Sanford, FL, Feb. 3, 2009--Babs Heileson of Commercial Flooring Distributors (CFD) has earned the U.S. Green Build Council's LEED Accredited Professional credential.
Pending Home Sales Up Strongly in December
Washington, DC, Feb. 3, 2009--The number of new sales contracts on existing homes jumped 6.3% in December as buyers took advantage of lower mortgage rates and falling prices.
Mohawk Purchases Wear-Dated Brand
Calhoun, GA, February 2, 2009—Mohawk Industries announces the purchase of the Wear-Dated fiber brand from Solutia.
Dow Losses Larger Than Expected
Midland, MI, Feb. 3, 2009-- Dow Chemical Co. said it lost $1.55 billion in the fourth quarter, due in large part to restructuring costs and a 23 percent drop in sales amid a global slump.
Teragren Gets New Distributors, Adds to Staff
Bainbridge Island, WA, Feb. 2, 2009—Teragren said it has secured two new distribution agreements in the U.S. and Canada.
D.R. Horton Narrows Loss in Quarter on Cost Cuts
Fort Worth, TX, Feb. 3, 2009--D.R. Horton Inc. reported its smallest loss in over a year as costs and charges fell faster than revenue.