Hooker sees sales dip in 2Q
By Furniture Today Staff -- Furniture Today, June 20, 2005
Martinsville, Va. — Case goods and upholstery producer and importer Hooker Furniture said it expects revenues in its second quarter ended May 31 to be down 5% to 7% from the comparable 2004 period.
Chairman and CEO Paul Toms Jr. said, "Business at retail has weakened as the quarter enfolded. Since our quick-ship program allows dealers to order as needed to meet demand, soft activity at retail is felt almost immediately in our shipment levels."
Hooker operates seven manufacturing facilities, a supply plant, three showrooms, its corporate headquarters and five distribution centers and warehouses in Virginia and North Carolina.
The company, which owns upholstery maker Bradington-Young, also uses a distribution center and warehouse in China.
