Carpet Retailer Finds That Small Is Good
Toledo, OH, Feb. 12, 2009--Forty years after starting as a janitorial supplies and carpet-cleaning firm, Carpets by Otto has switched to selling floor covering.
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.
Armstrong Scaling Back in Tennessee
Jackson, TN, Feb. 12, 2009--Armstrong World Industries said it will indefinitely lay off 110 people from its local hardwood flooring plant, according to the Jackson Sun.
Mannington Commercial Hires Marketing Manager
Calhoun, GA, Feb. 11, 2009--Kathryn Patterson has joined Mannington Commercial as a marketing manager.
Oil Prices Falling on Stimulus Skepticism, Demand
New York, NY, Feb. 12, 2009--Surging crude inventories and investor skepticism over the U.S. stimulus package sent oil prices below $36 per barrel Thursday.
Armstrong Shuttering Mississippi Hardwood Plant
Vicksburg, MS, Feb. 11, 2009--All 124 employees of the Armstrong hardwood flooring manufacturing plant in Vicksburg were told Monday they won’t have jobs in 90 days, but managers said the shutdown may not be permanent, according to the Vicksburg Post.
Toll Brothers Q1 Revenue Cut in Half
Horsham, PA, Feb. 11, 2009 -- Luxury home builder Toll Brothers, Inc. said preliminary first quarter results show that revenues were approximately $409.3 million, down 51% from a year ago.
Wools of New Zealand Contest Winners Honored
Las Vegas, NV, Feb. 11, 2009--Wools of New Zealand Fashion Dynamics competition at Surfaces honored several manufacturers.
Mohawk Greenworks Center Wins Green Dot Awards
Kennesaw, GA., Feb. 10, 2009--Mohawk Industries is the recipient of two 2008 Green Dot Awards (third place and honorable mention in the “services” category), recognizing the company’s Greenworks Center.
Commercial Real Estate Loans Fall 80 Percent
Washington, DC, Feb. 11, 2009--Commercial and multifamily mortgage loan originations fell 80 percent in the fourth quarter of 2008 when compared to a year earlier, according to the Mortgage Bankers Association.
LG Floors Names Thoresen Executive Vice President
Englewood Cliffs, NJ, Feb. 11, 2009--LG Floors has named David E. Thoresen executive vice president.