ST. LOUIS – Furniture Brands Int’l. changed its previous prediction of a 15% sales loss for the second quarter of 2007.
“Retail conditions remain challenging across the industry. We continue to pursue cost savings and strategic opportunities in light of these difficult conditions,” said W.G. (Mickey) Holliman, chairman of the board and CEO. “Though business conditions remain challenging, we now expect our net sales for the quarter to be down just under 12%, as opposed to the 15% we forecasted in early May.”
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