Item 2. Properties
ITEM 2. PROPERTIES
Set forth below is information with respect to
our principal properties on April 17, 2026. We believe all of these properties are well-maintained and in good condition. During fiscal
2026, we estimate our upholstery plants operated at approximately 73% of capacity on a one-shift basis. All our production facilities
are equipped with automatic sprinkler systems. All facilities maintain modern fire and spark detection systems, which we believe are adequate.
We have leased certain warehouse facilities for our distribution and import operations, typically on a short or medium-term basis. We
expect that we will be able to renew or extend these leases or find alternative facilities to meet our warehousing and distribution needs
at a reasonable cost. All facilities set forth below are active and operational, representing in the aggregate approximately 2.8 million
square feet of owned space, leased space or properties utilized under third-party operating agreements.
Location
Segment Use
Primary Use
Approximate Size
in Square Feet
Owned or Leased
Martinsville, VA
All segments
Corporate Headquarters, Distribution, Manufacturing and Warehousing
1,489,766
Owned / Leased
High Point, N.C.
All segments
Office and Showrooms
148,786
Leased
Bedford, VA
DU
Manufacturing and Offices
327,000
Owned
Hickory, N.C.
DU
Manufacturing and Offices
166,000
Owned
Mt. Airy, N.C.
DU
Manufacturing and warehousing
104,150
Leased
Valdese, N.C.
DU
Manufacturing and warehousing
102,905
Leased
Cherryville, N.C.
DU
Manufacturing Supply Plant
53,000
Owned
Atlanta, GA
DU
Showrooms
55,508
Leased
Vista, CA
DU
Manufacturing, Warehousing and Offices
52,813
Leased
Las Vegas, NV
HB, DU
Showrooms
9,717
Leased
Vietnam
HB
Office, Warehouse and Distribution
310,671
Leased
HB=Hooker
Branded, DU=Domestic Upholstery, AO=All Other
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.