Storehouse Furniture
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Storehouse Furniture was founded in Atlanta, Georgia, in 1969, and it quickly became an early style leader in well-designed, well-priced contemporary furnishings. In fact, it was Storehouse that brought many of today's best international manufacturers to the United States for the first time. Through company-owned stores and franchises, Storehouse soon spread across the Southeast and Texas, and then into the mid-Atlantic region.
In 1999, the company was acquired by McLean-based Rowe Companies. In 2002, it was integrated with Rowe's Home Elements brand to create a stronger retail division of over 60 stores in 15 states. Storehouse won the ARTS Award twice for the most outstanding national furniture store, and also won Retailer of the Year from Home Magazine in 2003.[1]
On September 18, 2006, Rowe filed for Chapter 11 bankruptcy protection, and announced plans to sell Storehouse.[2][3] Less than a month later, Rowe sold Storehouse to Hudson Capital Partners, who liquidated Storehouse's inventory and then closed all Storehouse stores.[4][5]
[edit] References
- ^ Fishman, Margie. "Success IN the City: Caroline Hipple", Atlanta Intown Newspaper.
- ^ Clabaugh, Jeff. "Storehouse parent files for Chapter 11", Baltimore Business Journal, 2006-09-19.
- ^ Schoolcraft, Lisa R.. "Storehouse faces sale after parent files for bankruptcy", Atlanta Business Chronicle, 2006-09-29.
- ^ Terry, Robert J.. "Bankrupt Storehouse to sell off $60M in merchandise", Baltimore Business Journal, 2007-10-06.
- ^ Wollam, Allison. "Shutdown in store for Storehouse Furniture", Dallas Business Journal, 2006-10-13.
