TITLE

Kornmeyer sale seeks cash

AUTHOR(S)
Engel, Clint
PUB. DATE
August 2007
SOURCE
Furniture/Today;8/20/2007, Vol. 31 Issue 49, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on developments in furniture retailer Kornmeyers HomeSmart in Baton Rouge, Louisiana. President Rose Mary Williams has retired and has been replaced by marketing director Jacques Pourciau. The retailer is holding a sale to help improve its inventory levels. According to the retailer, it was experiencing liquidity crisis and had a loss of over $1.25 million in its fiscal year ended February 28, 2007 because of the accounting software that failed to keep track of inventory.
ACCESSION #
26337980

 

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