Hooker Furnishings moves to lower operational costs at HMI


HIGH POINT — Hooker Furnishings, a manufacturer and importer of case goods and stationary and motion upholstered products for the residential, hospitality and contract markets, is continuing its moves to improve operational costs by exiting unprofitable businesses and organizational realignment with layoffs in its Home Meridian division.

“The recent personnel changes at HMI, impacting less than 2% of our team, are simply the final necessary step in our efforts outlined last year to realign our organization toward more profitable distribution opportunities and away from Clubs and other unprofitable business channels,” said Jeremy Hoff, CEO of Hooker Furnishings.

The company noted that the affected employees were located at HMI’s corporate office in High Point and included a mixture of different roles across the company.

In Hooker Furnishings’ third quarter earnings conference call held in December 2022, the company noted that it would be exiting unprofitable businesses at HMI, specifically its club channels.

For the third quarter 2022, Home Meridian’s net sales increased $4.4 million, or 9.4% over the prior year’s quarter. Hooker Furnishings is looking to turn significant revenue on the HMI side noting that its Portfolio program introduced at October’s High Point Market was “well-received.”

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