Kornmeyer sale seeks cash

Engel, Clint
August 2007
Furniture/Today;8/20/2007, Vol. 31 Issue 49, p1
Trade Publication
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 President Rose Mary Williams has retired and has been replaced by marketing director Jacques Pourciau.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.


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