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Stanley Furniture sees Q1 sales flat, operating loss due to west coast port dispute

2015-04-08 23:52:03| Furniture - Topix.net

"After building momentum in the fourth quarter of last year and the first month of 2015, our business felt the effect of what was a very tough winter on retail throughout numerous industries," Chief Executive Glenn Prillaman said in a statement. Congestion caused by the port dispute raised costs significantly as the quarter progressed, contributing to the expected operating loss.

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