Report: Retailers Expanding to Stay Ahead
Washington D.C., July 5, 2005--After a whirlwind of mergers, this past year proved that retail is all about change.
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.
Pfleiderer to Buy Laminate Producer Kunz
Duesseldorf, Germany, July 5--Pfleiderer AG said it has informed the German Cartel Office that it plans to buy Kunz AG, a maker of laminate flooring.
Tibetan Carpets Enter Global Market
Beijing, China, July 5--Tibetan carpet, Persian carpet and Turkey carpet are the top three best-known carpets in the world.
Feltex Cuts More Senior Managers
Wellington, New Zealand, July 5--Carpet maker Feltex said today that four more senior managers would be cut and projected a restructure cost in excess of $1.2 million.
Court Approves Illegal Worker Case Against Mohawk
Atlanta GA, July 5--A federal appeals court has cleared the way for an employee lawsuit against Calhoun, Ga.-based Mohawk Industries Inc. that claims the company hired illegal immigrants instead of legal workers.
Pennsylvania Furniture, Flooring Store Burns
Clymer Borough, PA, July 5-- A fire that raged for several hours Saturday night and Sunday destroyed Clymer Furniture.
Mohawk to Acquire Unilin
Calhoun, GA, July 5--Mohawk Industries announced that it has entered into a definitive agreement to acquire Unilin Holding NV, a leading manufacturer and marketer of laminate flooring products based in Belgium.
Domo To Sell Polymer Business
Ghent, Belgium, July 1—The Belgian manufacturing company Domo will spin off and sell its chemicals and polymers business in order to focus on its remaining floorcoverings and fiber and yarn businesses.
Big Bob’s Adds Furniture
Kansas City, MO, July 1--Some area home furnishing stores have struggled to compete with Nebraska Furniture Mart. But one home furnishings company is expanding to try to take some of Nebraska Furniture Mart’s business.
Zero Downpayment Mortgage Would Aid 50,000 First-T
Washington, DC, July 1--The nation’s home builders are supporting a bipartisan legislative proposal to establish a pilot program for Federal Housing Administration (FHA) insurance.