TITLE

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

AUTHOR(S)
Engel, Clint
PUB. DATE
July 2008
SOURCE
Furniture/Today;7/14/2008, Vol. 32 Issue 44, p62
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
33239968

 

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