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Cole to Retire as Hooker Furniture President; Delgatti Will Assume Presidency

Cole to Retire as Hooker Furniture President; Delgatti Will Assume Presidency

MARTINSVILLE, Va., Dec. 11, 2013 (GLOBE NEWSWIRE) -- Alan Cole, president of
Hooker Furniture Corporation (Nasdaq:HOFT) has announced he will retire at the
end of the company's current fiscal year, effective February 2, 2014. He will
be succeeded by Michael Delgatti, currently serving as the president of Hooker
Upholstery and the Executive Vice President of Sales for the company.

Cole joined Hooker in 2007 as Executive Vice President of Upholstery
Operations, was subsequently named President of Hooker Upholstery and then
President of Hooker Furniture Corporation. "We greatly appreciate Alan's
profound contributions to Hooker Furniture, Bradington-Young and Sam Moore,"
said Paul B. Toms Jr., chairman and chief executive officer. "The strategic
vision and team-building he has brought to our organization, as well as the
two new businesses he conceived and launched, will make this a stronger
company for many years to come."

"At the same time," Toms continued, "We are very confident in Mike as he
prepares to assume the presidency of Hooker Furniture Corporation. Mike is
extremely capable, has had an extraordinarily positive impact on our
upholstery companies, and has also made significant contributions during the
last year as he assumed responsibility for sales in all divisions. Once he
becomes president, he will add responsibility for marketing and case goods
product development in his expanded role. I look forward to sharing leadership
with Mike as I have with Alan."

While Delgatti will focus on domestic and international sales, merchandising,
marketing and oversee all upholstery operations, Toms will continue to focus
on case goods operations, supply chain, logistics, corporate services,
investor and Board relations as well as the new Homeware and H Contract

Commenting on the transition of leadership, Cole said, "The timing is as
perfect as it could possibly be. We have been very intentional in our
succession plans for an orderly transition, and we are exactly where we wanted
to be at this time. It is gratifying to see that our organization is well
positioned with good momentum and that important new initiatives have been
launched and are moving forward. I don't think we could have written a better
scenario. The confluence of events over the last seven years has brought us
exactly to the point we wanted to be as a company, and now I'm looking forward
to turning my attention towards my family and a very active retirement."

Ranked among the nation's top 10 largest publicly traded furniture sources
based on 2012 shipments to U.S. retailers, Hooker Furniture Corporation is an
89-year old residential wood, metal and upholstered furniture resource. Major
casegoods product categories include home entertainment, home office, accent,
dining, and bedroom furniture in the upper-medium price points sold under the
Hooker Furniture brand. Hooker's residential upholstered seating product lines
include Bradington-Young, a specialist in upscale motion and stationary
leather furniture, and Sam Moore Furniture, a specialist in upscale occasional
chairs, settees, sofas and sectional seating with an emphasis on
cover-to-frame customization and Seven Seas, imported leather upholstered
furniture targeted at the upper-medium price-range. The Homeware product line
offers direct-to-consumer, customer-assembled, modular upholstered and
casegoods products designed for younger and more mobile furniture customers.
The H Contract product line supplies upholstered seating and casegoods to
upscale senior living facilities. Please visit our websites at,,,, and

CONTACT: Paul B. Toms Jr.
         Chairman and Chief Executive Officer
         Phone: (276) 632-2133

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