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Times Staff and Wire Reports

Bombay Co. Furniture Goes Back to Roots: Cutting short a costly flirtation with trendy customers, the Bombay Co. will refocus on lower-priced antique reproduction furniture, new Chief Executive Carson Thompson said. One week after ousting Robert and Alexandra Nourse from the management team, Thompson said getting back to basics is central to the Fort Worth-based furniture retailer’s turnaround bid. Bombay’s sales and profit soared in the early 1990s and, with the Nourse husband-and-wife team winning glowing tributes from industry analysts, its stock jumped to well over $30 a share in early 1994. Since then, profit margins have shrunk and the share price has plummeted back down to about $6.

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