As 2010 Closes Stanley Furniture's sales drop 14.6%

USA (Notifix).- American manufacturer Stanley Furniture Company reported net sales of US$137.0 million for 2010, a 14.6% decrease compared to 2009. The company closed

the year with a net loss of US $43.8 million compared to a net loss of US $11.8 million in 2009. According to Stanley the increased loss in 2010 resulted primarily from the near-term impact of actions taken in conjunction with the Company's restructuring plans and lower sales.

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