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News  ›  GlobeNewswire Inc.

Hooker Furnishings Completes Sale of Pulaski Furniture and Samuel Lawrence Furniture for Approximately $6.1 Million

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hooker Furnishings Corporation
Hooker Furnishings Completes Sale of Pulaski Furniture and Samuel Lawrence Furniture for Approximately $6.1 Million

Hooker Furnishings sold Pulaski Furniture and Samuel Lawrence Furniture brands to Magnussen Home Furnishings for approximately $6.1 million, marking a strategic move to enhance profitability and focus on core business segments.

Insights
LAES   positive

Contributing quantum-resistant semiconductor technology to the satellite project


HOFT   positive

Company completed a strategic sale above initial estimates, reduced lease liabilities, and expressed optimism about future growth and shareholder value