Company: CULP
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0000723603-25-000004
Chunk: 2

Company: CULP INC
Filing Date: 2025-09-12
Form: 10-Q
Item: Item 2
Chunk 2
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 commercial markets. Read also supplies soft goods such as decorative top sheets, coverlets, duvet covers, bed skirts, bolsters, and pillows. On April 24, 2025 (the fourth quarter of fiscal 2025), the company announced a strategic transformation of its operating model that will combine certain activities within the bedding and upholstery business segments and create one integrated Culp-branded business. As part of this strategic transformation, we will close our leased facilities operated by our upholstery segment located in Burlington, North Carolina and Knoxville, Tennessee and will transition their production and distribution activities to a shared management model within our owned facility located in Stokesdale, North Carolina, which has historically been solely operated by our bedding segment.