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Levitz Furniture store during liquidation sale, December 2007. Levitz was accused of having been poorly run for more than a decade starting in the 1990s. It declared Chapter 11 bankruptcy twice during the period, in 1997 and again in 2005, both times emerging after a corporate restructuring and the participation of new outside backers. [3]
Levitz, one of the oldest furniture stores in the country, announced in December that it would close all of its 76 stores.It's sad to see longstanding businesses shut down after so many years.
In December 2008, Raymour & Flanigan Furniture acquired 18 Levitz Furniture store locations in the New York metro area. [ 9 ] The company launched the in-house Leadership Development Institute (LDI) in 2007, which offers workshops for idea generation, learning, and leadership.
The Room Store (commonly stylized as RoomStore) was a chain of furniture retail stores in the eastern and southern United States, which operated from 1992 to 2012. The company, which was owned by RoomStore, Inc., specialized in retailing all the pieces of furniture for an entire room rather than individual pieces of furniture.
A going-out-of-business sale isn't the best place to buy any big-ticket merchandise because return policies have gone down the drain, but if there's something you simply must have, use a credit ...
Merry-Go-Round – Merry-Go-Round had more than 500 locations during its heyday in the 1980s. It went bankrupt in 1995. [65] Mervyn's – a California-based regional department store founded in 1949. Mervyn's ill-fated expansion out of West Coast markets in the months before a recession sent the company into bankruptcy in 2008. [66] [67]
The River Park location has already started its going-out-business sale, with many items 10% to 20% off. It has not set a closing date. It’s not clear when the other stores will close, but at ...
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...