Hooker Furnishings to exit Savannah distribution center, expects $4.6M-$6.0M in net charges through FY2026

HOOKER FURNISHINGS Corp

Exit of Savannah, GA distribution center; operations to consolidate into existing facilities.
Preliminary net charges: $1.6-$2.0M in FY2025, $3.0-$4.0M in FY2026.
Expects preliminary savings of $750k-$1.0M in FY2026 and annualized $4.0-$4.5M from FY2027.
Facility opened in 2021 for Accentrics Home (ACH); ACH closed in 2024 due to unsustainable freight costs.
Collaborating with landlord, incoming tenant, and employees to support transition and provide exit benefits.

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