Dyersburg Corporation today announced that it will consolidate and downsize its operations. The company cited general economic trends and increased competition from abroad as the reasons for its operational changes. The changes will take effect immediately. As part of its strategy to return to profitability, Dyersburg intends to consolidate its textile manufacturing operations to two facilities. The company also said that it intends to sell its stretch division, United Knitting. The consolidation will not affect its ability to deliver product to customers.