Shermag's 2Q revenue falls 11.5%

Knell, Michael J.
November 2006
Furniture/Today;11/27/2006, Vol. 31 Issue 12, p1
Trade Publication
The article reports the second quarter financial report of furniture manufacturer and importer Shermag. Company's second quarter revenue for the year fell by 11.5% in comparison to the previous year. The unfavorable exchange rate and sagging Canadian retail sales is reported to be the reason. The improved efficiencies and slightly higher US sales is helping the company to recover. President and CEO, Jeff Casselman said that business transformation plan is helping the company a lot.


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