Krause’s Furniture Inc.: The Brea owner of...

Krause’s Furniture Inc.: The Brea owner of Krause’s Sofa Factory reported a net loss of $2.5 million, or 24 cents a share, for the third quarter ended Oct. 27, compared with a net loss of $1.4 million, or 34 cents a share, for the 1995 third quarter. Sales declined 14% to $26.9 million from $31.1 million.

For the first nine months, the company recorded a net loss of $12.4 million, or $1.62 a share, compared with a net loss of $4.5 million, or $1.15 a share, for the like period last year. Sales were down 11% to $82.7 million from $92.5 million. In August, the company received approximately $17 million from GE Capital Services and a group of investors led by Philip M. Hawley, the company’s chairman and chief executive.