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Stanley Furniture Pre-Announces First Quarter Sales and Profitability Results

2015-04-09 08:11:12| Furniture - Topix.net

The company's sales remained flat with the prior year quarter as backlog from successful fall product introductions shipped. Order rates fell sharply as the quarter progressed due to bad weather mostly in the northeast and mid-Atlantic.

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Stanley Furniture sees Q1 sales flat, operating loss due to west coast port dispute

2015-04-08 23:52:03| Furniture - Topix.net

"After building momentum in the fourth quarter of last year and the first month of 2015, our business felt the effect of what was a very tough winter on retail throughout numerous industries," Chief Executive Glenn Prillaman said in a statement. Congestion caused by the port dispute raised costs significantly as the quarter progressed, contributing to the expected operating loss.

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Should You Buy The Momentum In Hooker Furniture?

2015-04-08 10:23:21| Furniture - Topix.net

In my recent effort to add some diversification to my portfolio, I have been on a crusade of sorts, looking into all manner of companies that I am generally unfamiliar with. This morning I stumbled upon Hooker Furniture , which has seen its sales under pressure ever since the Great Recession of 2009.

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Furniture Icon John Bassett, III to Speak at AWFS Fair

2015-03-30 20:24:13| Furniture - Topix.net

The Association of Woodworking & Furnishings Suppliers is pleased to announce that John Bassett, III will be a Special Guest Speaker at the 2015 AWFSFair in Las Vegas, sharing his personal story of standing up to China's dumping of cheap furniture into the American market, as portrayed in the New York Times bestseller, "Factory Man," written by Beth Macy. A dynamic storyteller and passionate individual, Mr. Bassett will share how his company faced extreme challenges when China began dumping cheap furniture into the American market in the 1980s.

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After defaulting on lease, furniture manufacturer ordered to pay IHFC more than $630k

2015-03-27 20:23:58| Furniture - Topix.net

Chromcraft Revington, a Mississippi-based furniture manufacturer that filed for Chapter 11 bankruptcy this month along with its parent company, has been ordered to pay IHFC Properties $632,138, plus interest, after defaulting on a lease at the International Home Furnishings Center building at 210 E. Commerce Ave. in High Point. Chromcraft Revington , a Mississippi-based furniture manufacturer that filed for Chapter 11 bankruptcy this month along with its parent company, has been ordered to pay IHFC Properties about $632,000, plus interest, after defaulting on a lease at the International Home Furnishings Center building in High Point.

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