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RoomStore reports $2.73 million net loss for March; net sales improve
By Caroline Salls
Pittsburgh, May 8 - RoomStore, Inc. reported a $2.73 million net loss for March on $7.91 million of net sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.
The figures showed improvement over the $3.53 million net loss posted for February on $7.58 million in net sales.
The company had $32,000 of cash and cash equivalents at March 31, down from $44,000 at the end of February.
Richmond, Va.-based home furnishing retailer RoomStore emerged in 2005 as the surviving company from Heilig-Meyers Co.'s Chapter 11 case. The company then filed for bankruptcy on Dec. 12. The Chapter 11 case number is 11-37790.
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