Charges lead to Culp loss as sales fall 18.8% in 20

Thomas, Larry
December 2008
Furniture/Today;12/15/2008, Vol. 33 Issue 15, p29
Trade Publication
The article reports on the losses generated by fabric supplier Culp Inc. in the second quarter of its fiscal year which ended November 2, 2008 in High Point, North Carolina. Culp has lost $40.9 milliona due to the series of one-time, non-cash charges. Sales have totaled to $40.9 million, a decline of 18.8 percent from the same period in 2007.


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