TITLE

Sherman sales up, earnings down

PUB. DATE
December 2001
SOURCE
Furniture/Today;12/10/2001, Vol. 26 Issue 14, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports the increase of sales of furniture products of the Shermag despite the struggles of the economic conditions in the Sherbooke, Quebec. Production of Shermag of contemporary case goods and upholstery; Implementation of an aggressive cost-reduction plan; Increase demand for residential furniture.
ACCESSION #
5716703

 

Related Articles

  • Vote could take Shermag private. Knell, Michael J. // Furniture/Today;3/1/2010, Vol. 34 Issue 25, p35 

    The article reports that Shermag Inc.'s shareholders will conduct a meeting to vote on taking the company private in Montreal, Quebec on March 25, 2010.

  • Shermag 2Q net revenue up 15.9%.  // Furniture/Today;12/2/2002, Vol. 27 Issue 13, p50 

    Reports on the financial performance of Shermag as of December 2002. Earnings per share; Total sales; Net income; Revenues.

  • Shermag beefing up dining room line. Slaughter, Powell // Furniture/Today;3/3/2003, Vol. 27 Issue 26, p44 

    Reports that Shermag is broadening its import program through the manufacture of five master dining rooms in maple and birch. Coordination with existing domestic bedroom offerings; Retail partners' complete design statement with the products; Launch of Shermag's import line in Spring 2003.

  • Shermag doubles 3Q net income.  // Furniture/Today;3/3/2003, Vol. 27 Issue 26, p55 

    Reports that full-line manufacturer Shermag doubled its net income in the end of its third quarter in January 3, 2003. Increase in net revenue; Decrease in Canadian shipments; Attibution of gains to operational efficiencies that protected margins in a price competitive environment.

  • Shermag's earnings up 20.1% for year as revenues rise 6.5%.  // Furniture/Today;6/25/2001, Vol. 25 Issue 41, p78 

    Highlights the financial performance of Shermag for the quarter ended March 30, 2001. Revenues; Operating income; Net income; Earnings per share.

  • Shermag sets three-way growth plan. Knell, Michael J. // Furniture/Today;3/18/2002, Vol. 26 Issue 28, p2 

    Focuses on the business strategy of Shermag in its effort to increase growth in Quebec. Statistics on the annual sales of the company; Partnership with Sears Canada and the Bay; Expansion of its department store businesses. INSET: Shermag's three-pronged growth strategy.

  • Shermag earnings tumble 98% as sales decline in 1Q.  // Furniture/Today;9/3/2001, Vol. 26 Issue 1, p46 

    Reports on the corporate profits of Shermag Inc. as of the second quarter of year 2001 in Sherbrooke, Quebec. Cause of the decline of revenues; Impact of HomeLife downfall to the company earnings; Perspectives shared by Jeff Cassellman, president and chief executive officer on the company...

  • Shermag adds president, looks to expand. Knell, Michael J. // Furniture/Today;07/10/2000, Vol. 24 Issue 43, p4 

    Highlights the growth strategy of upholstery manufacturer Shermag. Jeff Casselman's appointment as president; Chairman Serge Racine's plan to focus on product development and corporate strategy; Company's creation of an upholstery initiative.

  • Shermag earnings climb 27.6% in fiscal year as sales grow 19.7%. Knell, Michael J. // Furniture/Today;07/10/2000, Vol. 24 Issue 43, p50 

    Reports on the financial performance of Shermag in the fiscal year ended March 31, 2000. Sales in the United States and Canada; Revenues; Operating income.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics