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On December 21, 1998, Levitz announced it would close 27 stores and lay off 25% of its workforce. The company downsized its warehouse system from 65 to 17 sites. [4] The furniture market underwent a prolonged nationwide downturn after the September 11 attacks, and was hurt again in late 2007 by the 2007 subprime mortgage financial crisis. [5]
Chain Store Age estimated in May 2022 that approximately 100 Hometown stores were in the process of closing. [59] In December 2022, Sears Hometown Stores, Inc., filed for Chapter 11 bankruptcy and plans to liquidate the inventory at all of its 115 stores. In the bankruptcy proceedings, Eddie Lampert is listed as a 37.75% owner of Sears Hometown.
Furniture store American Freight is set to close all of its 328 locations in dozens of states as a part of Chapter 11 bankruptcy proceedings by its parent company, Franchise Group Inc.. Franchise ...
Ashley Home Stores Ltd. (doing business as Ashley and still known as Ashley Furniture HomeStore in some countries) is an American furniture store chain that sells Ashley Furniture products. Opened in 1997, the chain comprises over 2,000 locations worldwide. [1] [2] The chain has both corporate and independently licensed and operated furniture ...
Phase 1 construction of the Ashley facility, the company’s first Pacific Northwest distribution center, started in 2021, a 715,000-square-foot warehouse site with three-story office mezzanines ...
Newburgh Mall is a regional shopping center located on NY 300 in the Town of Newburgh, New York, near where Interstate 87 (the New York State Thruway) intersects with Interstate 84. It was opened in 1980 by Kravco property management (later Kravco Simon), which owns King of Prussia Mall outside Philadelphia. The mall has 46 stores.
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