Culp Issues 4Q Warning, Layoffs

Hogsett, Don
May 2005
Home Textiles Today;5/9/2005, Vol. 26 Issue 34, p15
Trade Publication
The article reports on the laying off about 225 workers by U.S.-produced upholstery fabrics, Culp Inc. Robert Culp III, chairman and CEO, said the deeper than expected loss reflects lower than expected demand for domestically produced upholstery fabrics, and significant manufacturing variances and production constraints related to the recent restructuring activities in decorative fabrics operation. Culp will also combine its sales, design and customer service activities for two divisions, Culp Decorative Fabrics and Culp Velvets/Prints.


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