Stanley sales tumble 25.6%

Thomas, Larry
October 2008
Furniture/Today;10/20/2008, Vol. 33 Issue 8, p1
Trade Publication
The article reports on the financial performance of case goods maker Stanley Furniture during the third quarter of 2008 in the U.S. The company's sales dropped 25.6%, while restructuring charges led to a net loss of $3.5 million. Chairman and chief executive officer (CEO) Albert Prillaman explained that the bed room dining room, home entertainment and home office categories were especially affected by sales decline and operating income was near a break-even level.


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