Our 66 total company-owned retail stores at the end of second quarter was lower than our 71 stores at the end of the second quarter of 2010. Even with this reduction in stores, we reported flat retail sales on year-over-year basis and a slight reduction in retail operating losses.Inventory at quarter end was $246 million versus $251 million in the second quarter of 2010. We expect to end this year with inventory levels down approximately $10 million to $20 million from the 2010 year-end levels of $250 million. Cash at quarter end totaled $35 million and debt totaled $77 million.
Furniture Brands International CEO Discusses Q2 2011 Results - Earnings Call Transcript
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