Stanley Furniture Plans To Re-enter Nursery And Youth Furniture Market

(RTTNews) - Stanley Furniture Company Inc. (STLY) announced that it plans to re-enter the nursery and youth furniture market with a mid-year new product launch introduced to the trade at the High Point Market in April.

The announcement comes shortly after the company recently said it expects to report fourth quarter sales from continuing operations up more than 15% year-over-year and up in the low single digits for total year 2014.

The company also announced that it expects to report its fourth consecutive sequential quarter of improved operating results along with profits at the operating level for the fourth quarter of 2014.

The company plans to announce fourth quarter and full year operating results after the market closes on February 3, 2015.

In 2015, the company expects to continue to maintain a healthy balance sheet, grow revenues, expand margins and generate positive net income. It expects to execute its current strategy offering diversified product lines through multiple channels of distribution while executing an efficient sourcing model and further developing the Stanley Furniture brand in the global marketplace.