Furniture Brands Loses $3M in Q1

May 3, 2011  by in UnCategorized   

By Aggregated Content in Financial Reports on May 4, 2011 from http://c.moreover.com/click/here.pl?z4586939395&z=1250249030

Furniture Brands said Wednesday it lost $3.1 million in the first quarter, compared with a profit of $3.5 million in the prior-year quarter.

The company reported sales of $297.9 million for the quarter ended March 31, down 8 percent from $322.4 million a year earlier. Last month, the company's Thomasville business opened a company-owned and operated store in Dallas, plans to open one in Chicago in May and is seeking a site for another Chicago location.

Read Full Article...