TITLE

Charges lead to $18.4M loss for Hooker

PUB. DATE
March 2007
SOURCE
Furniture/Today;3/26/2007, Vol. 31 Issue 29, p212
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that one-time charges for ending an employee stock ownership plan and for restructuring left Martinsville, Virginia-based upholstery company Hooker Furniture Corp. with an $18.4 million loss in its two-month transition period from December 1 to January 28, 2007. Chief executive Paul Toms Jr. said that the net loss in the transition period should be viewed as an anomaly.
ACCESSION #
24651734

 

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