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.
Washington, DC, Aug. 1--Employers cut jobs for a sixth consecutive month in July, suggesting that businesses remain skittish about expanding their payrolls despite expectations of accelerating economic growth in the next few months.
New York, NY, Aug. 1--If anything of substantial value remains at now-bankrupt Pillowtex Corp., it's the textile maker's brands.
New York, NY, July 31--Standard & Poor's Ratings Services said today that its ratings and outlook on Mohawk Industries Inc. remained unchanged following the company's announcement that it had signed an agreement to purchase the Lees Carpet Divisio
St. Louis, MO, July 30--May Department Stores Co. said Wednesday it will close 32 of its Lord & Taylor stores in 15 states and two other stores under different names, leaving about 3,700 workers without jobs.
Calhoun, GA, July 31--Mohawk Industries, Inc. announced that W. L. Ross & Company and Mohawk were successful in their bid for substantially all of the assets of Burlington Industries, Inc.
Lancaster, PA, July 31--Armstrong has made the decision not to exhibit at Surfaces 2004. The firm will use its 20,000 square foot customer visitation center in Lancaster to host trade shows during the year instead.
Altamonte Springs, FL, July 31--Fortis Enterprises announced today that the Company has joined the Association of Specialists in Cleaning and Restoration
Kannapolis, July 30--Towel and bedding manufacturer Pillowtex Corp., which filed for Chapter 11 bankruptcy protection on Wednesday, is selling most of its assets to a consortium of groups that mostly engage in retail liquidations.
Greensboro, NC. July 31--Five months ago, as a major creditor of Burlington Industries Inc., Wilbur Ross said he thought the company was worth more carved into parts, according to the Charlotte Observer.
San Diego, CA, July 30--London American continues to roll out a number of diverse contractor markets for California with strong financial rated carriers, according to the Insurance Journal.