Stanley 4Q sales drop 13.3%, profits off 23.7%

Combs, Heath E.
February 2007
Furniture/Today;2/5/2007, Vol. 31 Issue 22, p26
Trade Publication
The article reports on the dip in furniture sales by 13.3% and profit by 23.7% for Stanley Furniture in the year 2006. Various causes related to decrease in sales such as lower margins, low production levels and higher cost of raw materials, compensation and energy costs are reported. The president and CEO of Stanley, Jeff Scheffer hopes of improving product offerings, quality and productivity through controlling costs and inventories.


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