The Room Store
| Traded as | Private |
|---|---|
| Fate | Liquidation of assets |
| Founded | 1992 |
| Founder | Gary Levitz |
| Defunct | November 26, 2012 (Sale), November 29, 2012 (Final Auction) |
| Headquarters | U.S. |
Number of locations | 0 (though Arizona RoomStore still exists but is not owned by the same company but has a similar logo) |
| Products | Furniture |
| Website | http://Roomstore.com/ |
The Room Store (commonly stylized as RoomStore) was a chain of furniture retail stores in the eastern and southern United States, which once had more than 50 locations in eight states. The company specializes in retailing all the pieces of furniture for an entire room rather than individual pieces of furniture. For example, a table may be sold with chairs and other dining room accessories in a package rather than a table alone. Room store ranks as one of the top 25 furniture retailers in the United States.
History
The Room Store was founded in 1992 in Texas by Gary Levitz, grandson of the founder of Levitz Furniture.[1] The chain started with 4 stores in the Dallas-Ft. Worth area. In 1999, Levitz was killed in a plane crash.[2]
The Room Store's parent company, Heilig-Meyers, filed for bankruptcy protection in 2000; in 2005, The Room Store, the only part of Heilig-Meyers remaining, received $35 million to emerge from bankruptcy.[3] The Room Store filed for Chapter 11 bankruptcy in Decmeber 2011; in April 2012, The Room Store announced it would close all of their stores in Texas.
On June 29, 2012, The Room Store announced the closing of all of their stores nationwide and the liquidation of their inventory beginning on August 2, 2012, converting the Chapter 11 reorganization to a Chapter 7 liquidation. The final locations closed on November 26, 2012.
References
- ↑ Dallas-Based Retailer Offers Interviews to Levitz Furniture Workers. | Knight Ridder/Tribune Business News (December, 1998)
- ↑ GARY LEVITZ KILLED IN CRASH AT AIR RACES. (Brief Article) (Obituary) | Article from HFN The Weekly Newspaper for the Home FurnishingNetwork | HighBeam Research
- ↑ Room Store emerges from bankruptcy protection - Washington Business Journal: