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.
Chicago, IL, March 1, 2007-- Planned layoffs rose 33% to a five-month high in February, as weakness in the housing market and auto industry seemed to spread into other sectors, according to Challenger, Gray & Christmas, an employment consulting firm.
Washington, DC, March 1, 2007--The number of first-time filings for unemployment claims rose by 7,000 in the latest week, while the number of continuing jobless claims rose to the highest level since December 2005.
Washington, DC, March 1, 2007--Personal spending increased more than forecast in January and the Federal Reserve's preferred price gauge accelerated, suggesting inflation will remain the central bank's biggest concern.
Dalton, GA, March 1, 2007—Karastan recently participated in a runway show for Chaiken—a classy apparel line with a loyal celebrity following.
Atlanta, GA, March 1, 2007--Home Depot said it will pump $2.2 billion into improving its business this year even as it expects lower earnings and slim sales growth, partly because of a continued slump in the housing sector.
Dubai, Enited Arab Emirates, March 1, 2007--Office Furnishing Interior Solutions part of the Easa Saleh Al Gurg Group has signed a distribution deal with the third largest carpet manufacturers in the world, Beaulieu of America.
London, England, March 1, 2007--Three teams of private equity firms are considering bids for Home Depot's wholesale supply business, which could be worth around $11 billion.
Nebraska City, NE, February 28, 2007--The National Arbor Day Foundation has launched a new campaign in partnership with Alliance Flooring Inc., parent company of CarpetsPlus-Color Tile, to plant trees and preserve rain forest land.
Milwaukee, WI, February 28, 2007--Geo-Synthetics Inc., a Waukesha distributor and installer of erosion control products, has sold its chain of construction supply centers in North and South Carolina to a subsidiary of The Home Depot Inc.
Chicago, IL, February 28, 2007 -- The Chicago Purchasing Managers Index fell to 47.9 in February from 48.8 in January, suggesting a contraction in regional growth.