FBI sales fall 11.9%

February 2008
Furniture/Today;2/4/2008, Vol. 32 Issue 22, p1
Trade Publication
The article reports on the decrease of sales of Furniture Brands International Inc. in the fourth quarter of 2007 in St Louis, Missouri. It is stated that the company weighted down with restructuring charges of $38 million pretax in the fourth quarter of 2007 and $85 million in the full year. The company's costly moves include closing 18 company-owned stores and five factories, cutting staff in its Lane, Thomasville, Drexel Heritage and Henredon divisions and reducing inventory.


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