Hooker records growth in US-made leather furniture s - leatherbiz: Lea Leatherbiz

News

Hooker records growth in US-made leather furniture sales

18/04/2011
Virginia-based Hooker Furniture, which imports, makes and sells leather chairs and sofas under its Bradington-Young brand, has reported net sales of $215.4 million and a net income of $3.2 million for its last financial year, ending January 30, 2011. Net sales were up by 5.9% compared to $203.3 million for fiscal 2010 as unit volume grew across all divisions.

Chief executive, Paul Toms, commented: “We finished the year with momentum, as the fiscal 2011 fourth quarter represented the third consecutive quarter of year-over-year sales increases. While we are disappointed we weren’t able to leverage higher sales into higher profits, this year’s accomplishments in many areas have positioned us to improve profitability going forward.”

The upholstery division led the way with a nearly 15% overall increase in net sales, including a 47% increase in imported leather upholstery unit volume compared to last year. Bradington-Young’s US-produced leather furniture also achieved growth with a 12% increase, marking the first year-on-year sales increase for domestic leather seating since 2005, said Alan Cole, president of Hooker Upholstery.


Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.