The RoomPlace files for Chapter 11 bankruptcy
Retailer to close 8 stores in outlying markets and keep its remaining 18 Chicago-area stores open CHICAGO — Home News Now 125 Retailer The RoomPlace …
Category: closings and consolidations
Scherer’s Furniture to close its doors after 127 years in business
Liquidation handled by Planned Furniture Promotions begins Jan. 18 BUFFALO, N.Y. — Family-owned and -operated Scherer’s Furniture will close permanently after serving western New York …
New Jersey bankruptcy court OKs sale of Z Gallerie e-commerce assets to Karat Home
Transaction is expected to close around Jan. 15 HACKENSACK, N.J. — The U.S. Bankruptcy Court for the District of New Jersey has approved the sale …
A closer look at Martin Furniture’s shift from Mexico to Asia
CEO Gil Martin shares insights on why the move makes sense for the company and its customers TIJUANA, Mexico — Martin Furniture’s shifting of its …
What’s behind the bankruptcies of the past year?
Almost exactly a year ago, more than 2,700 furniture factory workers, truck drivers and office personnel got the big bald turkey of an email that …
Would consumers pay 5 bucks to visit your store?
Furniture stores that want to stay in business need to create enticing environments During last week’s market, I had the chance to chat with Todd …
Z Gallerie faces tough decisions in Chapter 11 bankruptcy
Because of high brick-and-mortar operational costs, Home News Now 125 retailer says that it will likely need to close all stores and focus primarily on …
Mitchell Gold Chapter 11 bankruptcy case converted to Chapter 7
Change will involve a liquidation of the company’s assets to repay creditors WILMINGTON, Del. — A judge for the U.S. Bankruptcy Court for the District …
VPC Group USA plans to buy former Klaussner subsidiary Prestige Fabricators
Sale would reopen 2 former foam production plants that were closed Aug. 7 when Klaussner also ceased operations ASHEBORO, N.C. — VPC Group USA, a …
Louis Shanks closing after nearly 80 years in business
Retailer has been family-owned for its duration, serving as destination for high-end furniture in the Austin, Houston and San Antonio markets AUSTIN, Texas — Luxury …
