STANLEYTOWN, VA – Stanley Furniture Co. Inc. reported net sales of $75.9 for the third quarter of 2006, a decline of 11.3% compared to the same period of 2005. Net sales for the first nine months of $236.9 million lag last year’s record level by 6.1%. “(W)e believe wooden residential furniture sales are in the midst of an industry-wide slowdown that is likely to persist for a while,” said Jeffrey Scheffer, chairman, president and CEO of Stanley Furniture. Read more.