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Furniture World News By Nic Ledoux on 5/5/2021 Casegoods supplier Riverside Furniture announced that Harrison Kelly, who has over 20 years of experience in wood furniture product development, has joined the company in the new position of Vice President of Product Development.
In his role, Kelly will be responsible for leading all product line activities from the conceptual stage through market introduction. In addition, he will work closely with strategic retail accounts in determining product needs.
Most recently, Kelly served in the same position for Klaussner Furniture International where he was responsible for all wood product development. Prior to joining Klaussner, he served in various positions at Home Meridian International, where he started as an import engineer at Pulaski and went on to hold roles such as Vice President of Club Merchandising for Home Meridian and 14 years as VP-Product D
Hooker Furniture Reports Fourth Quarter Profitability Improvements, Continued Strong Demand and Increased Backlogs
MARTINSVILLE, Va., April 14, 2021 (GLOBE NEWSWIRE) Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales for the fiscal 2021 fourth quarter of $155.3 million, with net income of $8.5 million, a $1.5 million or 22% increase compared to net income in the fourth quarter a year ago. Earnings per share for the quarter were $0.71 per diluted share, an increase of 20%.
Net sales for the quarter, which began November 2, 2020 and ended January 31, 2021, decreased by $9.6 million, or 5.8%, compared to last fiscal year’s fourth quarter sales. Sales increased in two of the Company’s three reportable segments for the quarter, with Hooker Branded sales up almost $10 million or 25% over the prior year quarter, and Domestic Upholstery sales up approximately $1.4 million or 6% compared to the quarter a year ago. The consolidated sales decrease for
Recap: Hooker Furniture Q4 Earnings benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.