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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
This acquisition brought the number of Wolf-owned stores to eighteen. [9] In 2017, Wolf Furniture was acquired by Art Van Furniture. Under the agreement, the Wolf company maintained its name and all current management and staff. [10] In 2020, Art Van Furniture filed for Chapter 11 bankruptcy with plans to liquidate all company-owned stores. [11]
In December 2023, Conn's acquired Badcock Home Furniture & More from the Franchise Group, bringing the overall store count to around 500 stores from both brands. [ 5 ] In July 2024, Conn's warned that it may file for Chapter 11 bankruptcy protection within the coming weeks, blaming inflation, and a decline in sales as part of the decision.
Jerome's Furniture Warehouse is a family-owned chain of discount furniture stores in Southern California, with its headquarters in San Diego, California. [1] The company's key owner and figurehead is Jerome "Jerry" Navarra.
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On December 21, 1998, Levitz announced it would close 27 stores and lay off 25% of its workforce. The company downsized its warehouse system from 65 to 17 sites. [4] The furniture market underwent a prolonged nationwide downturn after the September 11 attacks, and was hurt again in late 2007 by the 2007 subprime mortgage financial crisis. [5]