Mergers Drive Layoffs Up
New York, NY, March 2--Layoffs jumped 17 percent in February to 108,387, boosted by increased merger and acquisition activity, according to international outplacement firm Challenger Gray & Christmas.
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.
Report: Squeeze-Out Plan at Tarkett AG
Frankenthal, Germany, March 2—-Tarkett AG, the German flooring manufacturer, looks likely to be delisted from the German stock exchange according to the Financial Times.
China Protects Domestic Timber while Smuggling Rar
Nanxun, China, March 1--China's voracious appetite for timber is threatening exotic forests as far away as Brazil, West Africa, Indonesia and Russia's Far East.
Manufacturing Slows in February
Tempe, AZ, March 1--Economic activity in the manufacturing sector grew in February for the 21st consecutive month, while the overall economy grew for the 40th consecutive month.
Carpet One’s New Store Design Program Increases Sa
Manchester, NH, March 1--Last February, Carpet One unveiled its comprehensive new store planning program, "Destination: Carpet One," designed to help its members create attractive, comfortable and functional retail environments.
Conference Board: Job Satisfaction Continues to F
New York, NY, March 1--Americans are growing increasingly unhappy with their jobs, The Conference Board reports today.
Hovnanian Acquires Cambridge Homes
Red Bank, NJ, March 1--Hovnanian Enterprises has acquired the assets of Cambridge Homes, a privately held Orlando homebuilder.
Chain Store Sales Up 1.5% Last Week
New York, NY, March 1—-Chain store sales increased by 1.5% in the week ended Feb. 26 compared to the week before, according to the International Council of Shopping Centers-UBS Retail Chain Store Sales Index. In the prior week the index was off 0.1%.
Pergo in Arbitration With HW Industries
Trelleborg, Sweden, March 1—Pergo has begun arbitration proceedings with HW Industries GmbH & Co KG in a case that concerns the reciprocal claims submitted by both parties.
Flooring America Launches New Marketing Programs
Manchester, NH, March 1--Flooring America and Flooring Canada armed members with new, key marketing programs designed to show the value of national marketing and build their businesses locally.