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April 12, 2001 | LESLIE EARNEST and MARC BALLON, TIMES STAFF WRITERS
Krause's Furniture Inc., battered by losses and trying to gain traction in its turnaround efforts, said Wednesday that its auditors have questioned its ability to continue operations as a going concern. The statement by its independent accounting firm, Arthur Andersen, comes as the company also disclosed that it is closing 15 unprofitable stores and that its stock may be removed from the American Stock Exchange.
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BUSINESS
April 12, 2001 | LESLIE EARNEST and MARC BALLON, TIMES STAFF WRITERS
Krause's Furniture Inc., battered by losses and trying to gain traction in its turnaround efforts, said Wednesday that its auditors have questioned its ability to continue operations as a going concern. The statement by its independent accounting firm, Arthur Andersen, comes as the company also disclosed that it is closing 15 unprofitable stores and that its stock may be removed from the American Stock Exchange.
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BUSINESS
August 21, 1998
Brea-based Krause's Furniture, a manufacturer and retailer of custom-crafted furniture, reported that it narrowed its losses in the second fiscal quarter while sales rose 12%. The company said it lost $1.9 million, or 8 cents a share, in the three months ended Aug. 2, compared with $3 million, or 16 cents a share, for the same period last year. Sales rose to $31.1 million from $27.8 million. For the first six months, the company posted a net loss of $3.
BUSINESS
April 12, 2001 | LESLIE EARNEST and MARC BALLON, TIMES STAFF WRITERS
Krause's Furniture Inc., battered by losses and trying to gain traction in its turnaround efforts, said Wednesday that its auditors have questioned its ability to continue operations as a going concern. The statement by its independent accounting firm, Arthur Andersen LLP, comes as the company also disclosed that it is closing 15 unprofitable stores and that its stock may be removed from the American Stock Exchange.
BUSINESS
April 12, 2001 | LESLIE EARNEST and MARC BALLON, TIMES STAFF WRITERS
Krause's Furniture Inc., battered by losses and trying to gain traction in its turnaround efforts, said Wednesday that its auditors have questioned its ability to continue operations as a going concern. The statement by its independent accounting firm, Arthur Andersen LLP, comes as the company also disclosed that it is closing 15 unprofitable stores and that its stock may be removed from the American Stock Exchange.
BUSINESS
November 18, 1998 | LESLIE EARNEST, Leslie Earnest covers retail businesses and restaurants for The Times. She can be reached at (714) 966-7832 and at leslie.earnest@latimes.com
Also planning to expand--although it opened only this month--is Schiavello USA, the new domestic distributor for the Australia-based office furniture company. Having claimed exclusive rights to sell the ergonomically correct furniture in the United States, Van Jacobsen and Judy Witt have opened their first showroom in Newport Beach. The sleek furnishings include adjustable "desking systems," all of which have work surfaces that can be raised or lowered.
BUSINESS
September 23, 1997 | John O'Dell, John O'Dell covers major Orange County corporations and manufacturing for The Times. He can be reached at (714) 966-5831 and at john.odell@latimes.com
Pleion Corp., a Santa Ana manufacturer of modular office furniture systems, has opened a showroom in the nation's capital at the Washington Design Center. The company, said President Clifford Gartung, wants to go after a bigger share of government business. Among the most recent government contracts the company has won are a $238,000 desk-storage-partition system for the offices at Ft. Belvoir Army base near Alexandria, Va.; a $150,000 system at the U.S.
BUSINESS
November 18, 1998 | LESLIE EARNEST, Leslie Earnest covers retail businesses and restaurants for The Times. She can be reached at (714) 966-7832 and at leslie.earnest@latimes.com
Also planning to expand--although it opened only this month--is Schiavello USA, the new domestic distributor for the Australia-based office furniture company. Having claimed exclusive rights to sell the ergonomically correct furniture in the United States, Van Jacobsen and Judy Witt have opened their first showroom in Newport Beach. The sleek furnishings include adjustable "desking systems," all of which have work surfaces that can be raised or lowered.
BUSINESS
August 21, 1998
Brea-based Krause's Furniture, a manufacturer and retailer of custom-crafted furniture, reported that it narrowed its losses in the second fiscal quarter while sales rose 12%. The company said it lost $1.9 million, or 8 cents a share, in the three months ended Aug. 2, compared with $3 million, or 16 cents a share, for the same period last year. Sales rose to $31.1 million from $27.8 million. For the first six months, the company posted a net loss of $3.
BUSINESS
September 23, 1997 | John O'Dell, John O'Dell covers major Orange County corporations and manufacturing for The Times. He can be reached at (714) 966-5831 and at john.odell@latimes.com
Pleion Corp., a Santa Ana manufacturer of modular office furniture systems, has opened a showroom in the nation's capital at the Washington Design Center. The company, said President Clifford Gartung, wants to go after a bigger share of government business. Among the most recent government contracts the company has won are a $238,000 desk-storage-partition system for the offices at Ft. Belvoir Army base near Alexandria, Va.; a $150,000 system at the U.S.
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