The Saks bankruptcy is hitting home brands [Yahoo! Finance]
Hooker Furnishings Corporation (HOFT)
US:NASDAQ Investor Relations:
investors.hookerfurniture.com
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Source: Yahoo! Finance
and Neiman Marcus —filed for Chapter 11 bankruptcy protection . The announcement itself wasn't a surprise, coming after months of speculation and a growing debt load that leaves the future of its vast retail footprint (which includes around 33 Saks stores, 36 Neiman Marcus outposts and two Bergdorf Goodman locations) in question. But the news has rocked the fashion industry. In the filing, the company lists between 10,000 and 25,000 creditors, with the luxury retail world's toniest brands among the top 30. Chanel is owed more than $136 million; Kering (which includes Gucci, Saint Laurent and Bottega Veneta) is owed around $60 million; and LVMH (the parent company of Louis Vuitton, Christian Dior and Tiffany & Co.) is owed about $26 million. The impact on the fashion sector has dominated headlines, overshadowing the quieter story of the home brands dealing with the aftermath. While the home departments at Saks' physical locations are much smaller than those at competitors like Macy's
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HOFT
News
- Hooker Furnishings (NASDAQ:HOFT) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Hooker Furnishings Corporation's (NASDAQ:HOFT) Intrinsic Value Is Potentially 35% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Hooker Furnishings to Appoint New Independent Director with Industry Expertise [Yahoo! Finance]Yahoo! Finance
- Hooker Furnishings to Appoint New Independent Director with Industry ExpertiseGlobeNewswire
- Investors in Hooker Furnishings (NASDAQ:HOFT) have unfortunately lost 56% over the last five years [Yahoo! Finance]Yahoo! Finance
HOFT
Earnings
- 12/11/25 - Miss
HOFT
Sec Filings
- 1/5/26 - Form SCHEDULE
- 1/2/26 - Form 8-K
- 12/18/25 - Form 8-K
- HOFT's page on the SEC website