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.
Jeddah, Saudi Arabia, June 30—The Mattex International Group, which is based in Jeddah, has announced a lease agreement with Dubai Techno Park for the occupation of 1,000,000 sq ft of land with a total investment of Dh4 00 million.
Washington, DC, June 30--The Federal Reserve raised its key short-term interest rate for the first time in four years today, kicking off what it said is likely to be a "measured" campaign to return the rate to a level appropriate for a healthy economy.
Wilmington, DL, June 30--Invista, the former DuPont Co. textiles and interiors business, said Tuesday night it will keep the headquarters for some of its operations in Delaware, saving 350 jobs, according to the News Journal.
Houston, TX, June 30—Nafco by Tarkett announced today that Jaeckle Wholesale, Inc., of Madison, Wis., has joined the Tarkett distribution family.
New York, June 30--Consumer confidence may be surging, but tell it to companies like Wal-Mart, Target and General Motors.
Federal Way, WA, June 30-- Weyerhaeuser will sell approximately 304,000 acres of timberlands in Georgia to four companies, officials announced today.
Gurnee, IL, June 29--A shopper-friendly crop of big-box stores is sprouting up in U.S. suburbs, featuring wider aisles and colorful signs, in contrast to the "stack-'em-high, sell-'em-cheap" model perfected by Wal-Mart.
Pompano Beach Fl, June 29--One of the state's oldest and largest family owned furniture, floor covering retailers has Sarasota and Port Charlotte in its sights, according to the Sarasota Herald-Tribune.
Rainham, England, June 29-- Carpetright Plc, Britain's largest carpet retailer, said annual profit climbed 31 percent after it cut prices to lure shoppers and reduced costs.
Minneapolis, MN, June 29--Tennant Company, the world’s leading manufacturer of surface maintenance equipment, today announced it has advanced to become the only such company to offer comprehensive carpet care solutions.