Former Formica CEO Consulting for PE Firm
New York, NY, June 26, 2008--TowerBrook Capital Partners L.P., a New York and London-based private equity firm, has hired former Formica Corp. CEO Frank A. Riddick III as a consultant.
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.
Capel Names Stoutnar Marketing Manager
roy, NC, June 27, 2008--Area rug company Capel Inc. has promoted Colleen Stoutnar to marketing manager.
Mohawk To Raise Hardwood Prices
Dalton, GA, June 26, 2008—Mohawk Industries has announced a price increase on select hardwood products ranging from 3 to 5 percent effective July 14.
FieldTurf Tarkett Working With NIAAA
Montreal, Quebec, Canada, June 26, 2008--FieldTurf Tarkett has entered an Advisory Circle partnership with the National Interscholastic Athletic Administrators Association in the U.S. and is now a member of its turf advisory committee.
IICRC Educates Claims Reps, Trainers
Vancouver, WA, June 26, 2008--The Institute of Inspection, Cleaning and Restoration Certification recently educated claims representatives and trainers from hard surface flooring and carpet manufacturing companies.
Home Resales Edge Up in May
Washington, DC, June 26, 2008--Existing homes sale edged up in May as prices continued to fall, the National Association of Realtors said.
Lennar Narrows Losses, Sees Worsening Market
Miami, FL, June 26, 2008--Homebuilder Lennar Corp. narrowed its loss in the second quarter but sees housing market conditions deteriorating even more this year.
Economy Still Growing, but Barely
Washington, DC, June 26, 2008--The economy grew 1 percent in the first quarter, spurred by stronger sales of U.S. products overseas, according to the Commerce Department.
China To Become Second Largest Retail Market
Columbus, OH, June 26, 2008--China will soon surpass Japan to become the second-largest retail market after the U.S., according to a new forecast from TNS Retail Forward, Marketing Daily reports.
Initial Jobless Claims Remain at 384,000
Washington, DC, June 26, 2008--Initial jobless claims held steady last week but were still at a high level.