Home furniture makers report improving sales. (Trends & News).Three major home furniture manufacturers -- La-Z-Boy
La-Z-Boy, headquartered in Monroe Monroe. 1 Industrial city (1990 pop. 54,909), seat of Ouachita parish, SE La., on the Ouachita River; founded c.1785, inc. as a city 1900. The center of the great Monroe Natural Gas Field (discovered 1915), it has important chemical plants, as well as , MI, reported sales of $596 million in its fourth fiscal quarter ended April 27, compared to $593 million in 2001. The improvement was due to strength in the company's upholstered furniture operations, which grew by 11%. The company's casegoods sales decreased by 22%. BFI BFI - brute force and ignorance , based in Bassett, VA, reported a 10% increase in sales in its second fiscal quarter to $80.9 million. The company attributed the growth to strong performances in its Bassett Furniture Direct retail stores and its Five Star quick-ship program. Martinsville, VA-based Hooker Furniture reported sales of $62.3 million in its second fiscal quarter ended May 31, a 12% increase from 2001. The company said increased volume in domestically produced home office furniture and in imported product lines accounted for the improvement. Contract Furniture Still Weak Office furniture makers reporting their results recently presented far less rosy ros·y adj. ros·i·er, ros·i·est 1. a. Having the characteristic pink or red color of a rose. b. Flushed with a healthy glow: rosy cheeks. 2. numbers. Steelcase Inc. of Grand Rapids Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, , MI, said revenue for its first fiscal quarter dropped nearly 29% from $905.2 million last year to $643.1 million this year. Falcon Products Inc. of St. Louis, MO, reported that its second fiscal quarter sales dropped from $77.1 million to $66.6 million this year. |
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