ST. LOUIS – Furniture Brands Intl said it suffered a $341.6 million loss in its fourth quarter.
Write offs for closings of plants and retail outlets were among one-time charges impacting the company’s bottom line. For the year, FBI reported sales of $1.74 billion, down 16.3% from the prior year.
Ralph Scozzafava, chairman and CEO said, “We are doing the right things and taking the right actions in the midst of an unprecedented economic downturn.”
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