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Class-Action Suit Alleging Fraud Impacts Mohawk's Stock Value

Chattanooga, TN, July 10, 2020-A class-action lawsuit filed against Mohawk by the Public Employees Retirement System of Mississippi has negatively impacted the company’s stock value by 20%; according to analyst Stifel, the suit, “alleged among other things that Mohawk executives engaged in a scheme to ‘channel stuff’ its Conventional Flooring Products in an effort to make the company’s sales growth and performance appear far better than they were.”

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Remote Work Likely to Continue Post-COVID, Reports NBER

Cambridge, MA, July 10, 2020- Employers believe that “…more than 40 percent of workers who had switched to remote work during the COVID-19 crisis would continue working remotely after the crisis ends,” reports the National Bureau of Economic Research in a study titled "What Jobs are Being Done at Home During the Covid-19 Crisis? Evidence from Firm-Level Surveys.”

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Tarkett Joins Clean Hospitals Network

Paris, FR, July 10, 2020—Tarkett announces joining the Clean Hospitals network to contribute to improve hospital hygiene and to promote effective, sustainable and evidence-based cleaning guidelines.

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ASID Forms Two COVID-Related Task Forces

Washington, DC, July 10, 2020—The American Society of Interior Designers (?ASID?) is leading the profession in the fight against COVID-19, using the rich experience and knowledge of its membership and other stakeholders to form two new task forces: the ASID Adaptive Living Task Force and the ASID IMPACT Review Task Force.

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The Dixie Group Adds Online Broadloom Ordering to Dealer Portal

Dalton, GA, July 9, 2020-The Dixie Group launched the TDG Dealer Portal website in January 2019 and now adds order entry for broadloom carpet. With the launch of the dealer portal, TDG customers gained access to several valuable tools, including downloading their price list, checking available inventory and reserving stock, reviewing orders, checking on claim status, custom area rug quotes, and printing invoices 24/7, 365 days a year.

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Interviews

John Scheatzle Discusses His New Role as President of Tarkett's Residential Business

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Michelle Carpenter Discusses Shaw Contract's Advice for Virus Era School Flooring

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John MacLellan Discusses the Retail Flooring Business at Broadway Carpets in Knoxville

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Deb Degraaf Discusses June Retail Flooring Sales In Michigan

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Keith Spano Discusses How Flooring America, IDG and Floor Trader were Impacted by Virus

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