Stanley sticks to wood

Article Abstract:

Stanley Furniture announced in the first week of August 1998, that it will drop its upholstery line to focus on opportunities in its core wood business. The company's plans call for the closure of its upholstery manufacturing in Lexington, NC, within 60 days. For the first six months of 1998, upholstery accounted for 3%, or approximately $3.6 million, of the sales of Stanley, while its core wood business increased 20% in 1998. The closure of the company's Lexington facility will affect 70 workers. Stanley Chairman, President and CEO Albert Prillaman noted that the affected workers will be provided outplacement assistance.

Comment:

Will drop its upholstery line to focus on opportunities in its core wood business

Strategy & planning, Stanley Furniture, Article

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Wood grain in spotlight

Article Abstract:

Home furnishings manufacturers are increasingly using wood grain finishes for household furniture designs, as evidenced at the 2001 Toronto International Home Furnishings Market.

Canada, Market information - general, Product information

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Case goods priced to move

Article Abstract:

This article discusses the pricing of wooden household furniture. The products of Asian and U.S. manufacturers and reviewed.

Asia, Consumer prices

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