News

Losses reduced at Jennifer Convertibles

09/01/2008

Despite continued lower demand in the furniture industry, American leather furniture and sofabed retailer Jennifer Convertibles, Inc. managed to reduce its losses in the first quarter, ended November 24.

Revenue from continuing operations increased approximately 6.5% to $34.7 million, up from the $32.6 million for the same period in the prior year, while net loss was reduced to $505,000, down from $637,000.

To continue reading this story, please sign in or register.