Jennifer posts $711,000 loss as sales fall 12.6%

Engel, Clint
July 2008
Furniture/Today;7/14/2008, Vol. 32 Issue 44, p62
Trade Publication
The article reports that Jennifer Convertibles Inc. posted a $711,000 loss in its fiscal third quarter because of the economic conditions in the U.S. The company had achieved a profit of $1.6 million in the 2007 quarter. Chief Executive Officer Harley Greenfield stated that he remains optimistic about the future trends despite the poor performance. He also stated that the company continues to monitor its costs and provide value to consumers without sacrificing margins.


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