why do furniture stores go out of business

Description

https://thewarehousedeals.com/why-are-stores-out-of-furniture/

WHY ARE STORES OUT OF FURNITURE???? – The Warehouse Deals
https://thewarehousedeals.com/why-are-stores-out-of-furniture/
When COVID-19 shutdowns occurred back in March, factories in China had already begun to shut down. This created a domino effect on stores. Stores who had not ordered their yearly inventory or quarterly replenishment could not get any furniture. Then shutdowns in the USA pushed bored people to shop and boy did they ever !!!!!

https://www.quora.com/Why-do-furniture-stores-always-seem-like-they-are-going-out-of-business-and-all-furniture-must-go?share=1

Why do furniture stores always seem like they are going …
https://www.quora.com/Why-do-furniture-stores-always-seem-like-they-are-going-out-of-business-and-all-furniture-must-go?share=1
Margins are slim, furniture is expensive to keep in inventory, and traditional stores require large showrooms. Most stores make more on their credit programs than on the furniture they sell. A simple downturn in the economy can spell disaster for even the largest companies (witness Levitz, Wickes, Heilig-Meyer and others).

https://www.quora.com/Why-do-furniture-stores-usually-close-and-liquidate-instead-of-being-sold-to-new-owners?share=1

Why do furniture stores usually close and liquidate …
https://www.quora.com/Why-do-furniture-stores-usually-close-and-liquidate-instead-of-being-sold-to-new-owners?share=1
Welcome to the wonderful world of Going out of Business and Liquidation Sales! First, however, it should be noted that Furniture stores frequently do get sold to new owners. Up until the late 1980s, 90% of furniture stores were small or mid-si…

https://www.msn.com/en-us/money/news/furniture-stores-backed-up-due-to-covid-19/ar-BB161dKK

Furniture stores backed up due to COVID-19
https://www.msn.com/en-us/money/news/furniture-stores-backed-up-due-to-covid-19/ar-BB161dKK
Furniture sales are at an all-time demand, and furniture stores believe it’s because people are spending so much time at home during COVID-19. The furniture industry in itself is seeing a lot …

https://www.woodtv.com/news/kent-county/loves-furniture-files-for-bankruptcy-liquidates-stores-after-warehouse-shutout/

Loves Furniture files for bankruptcy, liquidates stores …
https://www.woodtv.com/news/kent-county/loves-furniture-files-for-bankruptcy-liquidates-stores-after-warehouse-shutout/
Loves Furniture has since leased its five Pennsylvania stores to another furniture retailer and struck a deal with Preferred Furniture Promotions — the same company that helped close Art Van — to…

https://www.reddit.com/r/explainlikeimfive/comments/3sd8mr/eli5_why_are_furniture_stores_always_going_out_of/

ELI5: Why are furniture stores always going out of business?

ELI5: Why are furniture stores always “going out of business”?
byu/michaelrsnyder inexplainlikeimfive

because you rarely (once every few years) shop for furniture and have no idea what furniture stores are around until you start to shop. The going out of business sale creates a sense of urgency and the feeling that you are getting a good deal. 44 level 2

https://www.offers.com/blog/post/store-closings/

Major Retailers that Closed in 2021 – Offers.com
https://www.offers.com/blog/post/store-closings/
Going out of Business: Some retailers have had to cease operations entirely. Depending on their financial situation, they may need to file a Chapter 7 bankruptcy, which will entail going out of business and selling their assets to repay their debts.

https://www.businessinsider.com/furniture-stores-that-dont-exist-anymore-2019-7?op=1

Furniture Stores That Have Completely Closed Over the Years
https://www.businessinsider.com/furniture-stores-that-dont-exist-anymore-2019-7?op=1
Richard Levitz’s grandson Gary forged his own route in the furniture business, launching the Room Store in 1992 in Texas. The company dodged liquidation in 2000 when its parent company…

https://furniture.lovetoknow.com/Going_Out_of_Business_Furniture_Sales

Going Out of Business Furniture Sales | LoveToKnow
https://furniture.lovetoknow.com/Going_Out_of_Business_Furniture_Sales
Generally, shoppers can make package offers on several pieces of furniture for even better prices. In many other store closings, the going out of business sale is handled by a liquidation company. In this type of store closing, the store owner hires an outside company to run the sale.

https://www.detroitnews.com/story/business/2020/12/22/loves-furniture-closing-13-stores-including-10-michigan/4016622001/

Loves Furniture will close 13 stores, including 10 in Michigan
https://www.detroitnews.com/story/business/2020/12/22/loves-furniture-closing-13-stores-including-10-michigan/4016622001/
Loves Furniture will close 13 of its locations, including 10 in Michigan, under a consolidation plan. We’ve got stores literally five miles apart, company CEO Mack Peters said Tuesday.