Stanley Furniture Reports $2M Loss on Sales Dip

April 15, 2013  by in UnCategorized   

By Aggregated Content in Case Goods on April 16, 2013 from http://www.bizjournals.com/triad/news/2013/04/16/stanley-posts-2m-loss-sales-dip-27.html?ana=RSS&s=article_search

Stanley Furniture Co. Inc, which is relocating its headquarters from Virginia to High Point, reported a net loss of $2.09 million in the first quarter.

That compares to a loss of $1.56 million during the first quarter of 2012.

Stanley (NASDAQ: STLY) said its net sales for the first quarter were $26.1 million, a 2.7 decline from the first quarter of 2012 but an 11.4 percent increase from the fourth quarter.

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