Furniture Brands Loss Widens in Q3

November 2, 2011  by in UnCategorized   

By Aggregated Content in Financial Reports on November 3, 2011 from http://c.moreover.com/click/here.pl?z5418310372&z=1250249032 Furniture Brands International said its loss grew to $24.5 million in the third quarter, compared with a loss of $2.1 million a year earlier, due to a $16.5 million charge related to cost reductions. Customers have been cutting back on discretionary purchases, including furniture, Chairman and CEO Ralph Scozzafava said.

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