Dorel announces major restructuring for its Home division
Overall cost-cutting initiatives aim to add up to $40 million to bottom line in 2026 MONTREAL, Quebec — Dorel Industries announced on Thursday a major …
Category: closings and consolidations
Retailer Scan Design Furniture closes its doors after 61 years in business
LYNWOOD, Wash. — Scan Design Furniture, an independent retailer of Scandinavian and European-inspired home furnishings, is going out of business and permanently closing its last remaining …
Dixie Furniture & Mattress to close after 79 years
Retailer is holding a going-out-of-business sale at its Charleston and Walterboro stores starting Jan. 16 NORTH CHARLESTON, S.C. — Dixie Furniture & Mattress prepares for …
Comeaux Furniture, Appliance & Mattress to close its doors after 72 years
President and owner Michael Comeaux plans to retire following the store closing sale METAIRIE, La. — Family-owned and operated for 72 years, Comeaux Furniture, Appliance …
Big Lots agrees to sale of assets to continue brand under other retail management
COLUMBUS, Ohio – Big Lots Inc. has agreed to a sale transaction with Gordon Brothers Retail Partners LLC that enables the transfer of Big Lots …
Franchise Group Chapter 11 barrels forward
Just two days before Election Day, on Sunday, and fairly late in the day, the Franchise Group filed for Chapter 11 bankruptcy protection with a …
Top 50 unsecured creditors in Franchise Group bankruptcy owed more than $64.5M
DELAWARE, Ohio — The Top 50 largest unsecured creditors in Franchise Group’s Chapter 11 bankruptcy are owed more than $64.5 million, according to the initial …
Big Lots, B. Riley each forge a path forward
If your company begins with the letter “B,” there’s a decent chance it’s been in the news this week. On Tuesday you read about the new …
Subpoenas issued in class action lawsuit against Franchise Group, B. Riley
We reported in July the lawsuit brought against the Franchise Group, B. Riley Financial and former FRG CEO Brian Kahn by “former FRG investors,” including and …
Retailer Sam Levitz ceases operations after 71 years
TUCSON, Ariz. — Home News Now 125 retailer Sam Levitz Furniture is ceasing all operations with plans to close all its stores as part of …
