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.