Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An announcement from Hooker Furniture (HOFT) is now available.
Hooker Furnishings Corporation has parted ways with Tod R. Phelps, their Senior VP-Operations and Chief Information Officer, as part of a broader initiative to curb expenses and increase profitability amidst a downturn in the home furnishings market. Phelps, who has contributed significantly to the company for over seven years, will receive a severance package that includes a year’s salary and a portion of his restricted stock. CEO Jeremy Hoff acknowledges Phelps’s key role in the company’s recent projects and expresses gratitude for his service.
For an in-depth examination of HOFT stock, go to TipRanks’ Stock Analysis page.
