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Herbert R. Gibson and his wife, Belva, opened Gibson Products Co., a wholesale novelty company, in 1936 in Abilene, Texas. [1] By the late 1950s, Gibson had decided to refocus on discounting, and he opened the first Gibson's Discount Center in Abilene in 1960. [2] The company grew mostly by franchising the store concept to others.
American Furniture Warehouse (AFW) is a privately held furniture retailer headquartered in unincorporated Douglas County, Colorado. It was founded in 1975 by entrepreneur Jake Jabs [ 1 ] in a former American Furniture Company store location at 58th Avenue and Bannock in Denver, Colorado .
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On March 5, 2020, Art Van Furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy. Barker Bros. – Los Angeles-based furniture store chain which was at one time the largest furniture store chain on the west coast for nearly a century before it filed for bankruptcy in 1992
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]
With the odds of a U.S. debt default increasing, Social Security advocates warn beneficiaries they should be prepared in case their payments are interrupted.
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