Tag Archives: Paul B. Toms Jr.

Hooker Furniture Net Falls 13.1 Percent in Q3

Hooker Furniture

MARTINSVILLE, Va.-Increased discounting of casegoods and start-up costs for new programs resulted in a shortfall of 13.1 percent for Hooker Furniture’s third-quarter net income, which totaled $2.1 million. The company began the casegoods discounting to dispose of slow-moving inventory, according to Paul B. Toms Jr., Hooker’s chairman and CEO. The new programs at the HMore »