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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stanley Furniture Company Inc (QB) | USOTC:STLY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.80 | 5.00 | 7.70 | 2 | 21:09:47 |
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Photos accompanying this announcement are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/832ca236-2fc2-484e-954c-80e5a48a728d
http://www.globenewswire.com/NewsRoom/AttachmentNg/9567e023-94fa-4d5b-80c6-33483b96d52f
Delivering on a “Built to Grow” promise, Stone & Leigh products appeal to investment-minded parents who are looking for furniture options that can become a permanent part of their home and won’t need to be replaced. In fact, the styling and durability of products ensure that a crib or bed will last far beyond when the child has left home, so consumers can start buying products for their nursery and add to their collection over time.
“Stone & Leigh is created for today’s sophisticated consumer. We are filling the demand for high-quality nursery and children’s furniture at an excellent value – something that has been missing from the marketplace for years,” said David Petersen, Vice President – Marketing of Stanley Furniture. “With over 90 years of manufacturing expertise and decades of design and safety leadership in the nursery and children’s furniture product category, parents can feel confident in purchasing our Stone & Leigh products.”
As the only furniture brand sold through independent retailers with products that are 100 percent GREENGUARD Gold Certified, Stone & Leigh has met some of the world's most rigorous and comprehensive standards for low emissions of volatile organic compounds (VOCs) in indoor air. Stone & Leigh also uses sophisticated finishes and wood veneers including white oak, American cherry and birch. These techniques and materials create depth and quality that are not typically found in other nursery and children’s furniture brands.
“The launch of Stone & Leigh is an exciting step for our company and our retail partners. Working together to build a successful Stone & Leigh brand, we will gain insights into how best to attract and serve the millennial consumer,” added Petersen. “It is essential to our future, in partnership with our longstanding retail customers, that we become experts at reaching and maintaining relationships with this generation as they enter their furniture buying years.”
The Stone & Leigh name speaks to its connection to the Stanley Furniture brand’s authentic identity. Stoneleigh, the Old English term for Stanley, is the name of the estate where company founder, Thomas B. Stanley lived in Stanleytown, Virginia. It is also where Stanley Furniture was founded in 1924. The brand narrative offers a storybook tale of a young boy, Stone, and girl, Leigh, who live in an imaginative house in a small pastoral town and experience the wonder of nature and exploration. The children’s names each share a piece of the company's 92-year American heritage and authenticity as a proud manufacturer of quality furniture.
Stone & Leigh features five collections which include bedroom furniture, accessories and décor for boys and girls, from newborns to high schoolers. Collections include:
Stone & Leigh products are sold at nearly 100 furniture retailers across the country and through direct sales to consumers. For more information on Stone & Leigh or to find a local retailer, visit https://www.stoneandleigh.com/.
About Stanley FurnitureEstablished in 1924, Stanley Furniture Company, Inc. is a leading design, marketing and overseas sourcing resource in the middle-to-upscale segment of the wood residential market. The company offers a diversified product line supported by an overseas sourcing model and markets its brands through the wholesale trade’s network of brick-and-mortar furniture retailers, online retailers and interior designers worldwide, as well as through direct sales to the consumer using a localized approach to ecommerce fulfillment. The company’s common stock is traded on the NASDAQ stock market under the symbol STLY.
Media Contact: David Petersen, VP of Marketing (336) 884-7711 dpetersen@stanleyfurniture.com
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