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Stanley Furniture to shut Young America brand, N.C. factory

Trading is halted in Stanley Furniture (STLY) on news it will stop domestic furniture production in its Robbinsville, N.C., factory that supports its Young America brand, determining the brand could not achieve enough revenue to sustain profitability.

Says it will delay release of Q1 results until after the close April 30 to allow for sufficient evaluation of restructuring charges.

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