TITLE

FBI sales fall 20.1%

AUTHOR(S)
Thomas, Larry
PUB. DATE
February 2009
SOURCE
Furniture/Today;2/16/2009, Vol. 33 Issue 24, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the financial report of Furniture Brands International Inc. (FBI). It states that company had a net loss of $341.6 million as sales crumpled to 20.1% during the fourth-quarter of 2008. It mentions that the majority of the loss is credited to various non-cash, one-time charges in the intangible assets' value. Ralph Scozzafava, chief executive officer of FBI, states that the right things and actions have been done and taken care of in the midst of recessions.
ACCESSION #
36624477

 

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