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8 Articles
Hooker Furnishings sharpens focus on cost savings as economic headwinds mount
MARTINSVILLE, Va. — Hooker Furnishings is moving ahead with a multi-phase restructuring plan aimed at cutting $25 million in annual fixed costs by fiscal 2027, roughly 25% of its baseline, company executives revealed in an earnings call this week. The plan comes as Hooker navigates uncertain economic conditions continued headwinds like soft consumer sentiment and a weak housing market. CFO Earl Armstrong said the company is executing its strateg…
Q1 sales down at Hooker Furnishings - Big Furniture Group
Hooker Furnishings, one of the largest publicly traded furniture companies in the US, has reported a decline in first quarter sales. According to its latest trading update for fiscal 2026 first quarter ended 4 May 2025, total net sales declined 8.8% to $85.3m. Operating losses reduced by 31% to $3.6m, driven by cost-saving initiatives launched in the second half of last year, despite reduced net sales in the quarter. Hooker’s legacy brands sales…
Hooker Furnishings narrows losses in Q1 amid cost savings, inventory shifts - Furniture Today
A quick look: Q1 net loss narrows to $3.1M, aided by $2.2M in cost savings Vietnam warehouse boosts logistics and margin flexibility Living Your Way modular upholstery line sees strong response New Margaritaville license aims to fuel lifestyle category growth MARTINSVILLE, Va. — Hooker Furnishings reported a smaller first-quarter loss for fiscal 2026, aided by cost-cutting measures and the start of operations at a new warehouse in Vietnam, even…
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