Tag Archives: Stanley Furniture

Blog from Las Vegas Market: Introductions Galore

LVbrief_TuesSurya

LAS VEGAS–Surya debuted several collections, including Marinda, a wool flatweave line that incorporates metallics into geometric designs. The company expanded its naturals as well, including Boca, made with 60 percent jute and 40 percent polyester, and Laurel, constructed of 80 percent jute and 20 percent cotton. Other looks include felted wool in a collection calledMore »

Red Ink Deepens for Stanley in Q2

Stanley Furniture

HIGH POINT, N.C.-Restructuring charges totaling $16.2 million related to the ceasing of domestic production of its Young America product line led to a second-quarter net loss of $18.3 million for Stanley Furniture in its second quarter, compared to a net loss of $2.9 million in the second quarter of last year. In April, the companyMore »

Theodore Alexander Hires Bob Harold

Bob Harold

HO CHI MINH CITY, Vietnam–Furniture manufacturer Theodore Alexander has appointed Bob Harold as senior vice president of manufacturing. Harold’s responsibilities will encompass all aspects of Theodore Alexander’s manufacturing processes in Vietnam, including the main factory in Ho Chi Minh City and the foundry, upholstery, procurement, sourcing, costing, process engineering and quality control functions. He willMore »

Stanley Q1 Net Loss Widens

Stanley Furniture

STANLEYTOWN, Va.-With sales dropping and costs on the rise, Stanley Furniture posted a net loss of $4.4 million in its fiscal first quarter, compared to a net loss of $2.1 million in last year’s first quarter. Net sales fell 16 percent to $21.9 million in the quarter, which ended on March 29. Selling, general andMore »

Stanley Furniture Q4 Loss Grows—Red Ink for Fiscal Year

Stanley Furniture

HIGH POINT, N.C.-Reflecting the troubled condition of the casegoods industry, Stanley Furniture Co. turned in a fourth-quarter loss of $4.6 million, compared to a net loss of $3 million in the fourth quarter of last year. For the fiscal year ending on Dec. 31, Stanley posted a net loss of $12.6 million, compared to netMore »

Stanley Furniture Loss Rises in Q3

Stanley Furniture

HIGH POINT, N.C.-Flat sales and a drop in gross margin led to a net loss of $2.5 million for Stanley Furniture in its fiscal third quarter, compared to a net loss of $1.9 million in its third quarter of last year. Net sales in the quarter, which ended on Sept. 28, totaled $24 million, essentiallyMore »

Stanley Furniture Posts Q2 Loss as Expenses Rise, Sales Slip

Stanley Furniture

HIGH POINT, N.C.-A combination of higher costs and reduced sales turned Stanley Furniture’s bottom line from black to red in its second quarter, which ended on June 29. The company reported a net loss of $3.5 million, compared to net income of $36.9 million in its second quarter of last year. The transformation from profitMore »