A Popular Furniture Store Now Announces an Unexpected Closure

A popular furniture store now announces an unexpected closure, shuttering a total of 6 locations in the same city, sources report.

The RoomPlace announced on Friday that a total of six locations in and around Indianapolis, Indiana would be closing as the company files for Chapter 11 bankruptcy.

Locations in Kenosha, Wisconsin and Peoria, Illinois are also set to close their doors.

The Bed Bath and Beyond rival has claimed that the restructuring will allow the retailer to strengthen its business in other populous areas, such as Chicago, Illinois.

CEO Bruce Berman confirmed that the decision to close the stores was not “easy.”

“As a family-run business with strong community ties, it’s not an easy decision to close stores and impact the people who work, shop and live in the affected communities,” Berman told Furniture Today.

“Retail sales throughout the country continue to be down, and our industry has been hit hard.

We’re making the tough decisions now to ensure we’re around for another 100 years.”

As six stores are shuttering, the company is looking to strengthen 18 locations in and around the Chicago area.

“What was once viewed as taboo is now a strategic way to realign and strengthen a business,” Berman said.

The CEO has said the company is hopeful the changes will “align its costs with its projected sales and economic realities.”

Berman acquired The RoomPlace, which opened in 1912 after winning an auction in December 2011.

No date has been yet set for the closure of the six locations and any orders placed before February 2 are expected to still be fulfilled.

The RoomPlace stores affected by the decision are located at 5651 E. 86th St., 7609 Shelby St., 8401 Michigan Road, 8301 E. Washington St. in Indianapolis; 14640 Greyhound Plaza in Carmel; as well as 2575 E. Main St., Suite 198, in Plainfield.

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Also Read: A Grocery Store With 900 Locations Now Makes Unexpected Closure

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Market News Today - A Popular Furniture Store Now Announces an Unexpected Closure.
Market News Today – A Popular Furniture Store Now Announces an Unexpected Closure.

A massive beverage distributor now shutters in Texas and will lay off 109 employees starting in late February.

Jumbo Beverages, a subsidiary of Glazer’s Beer and Beverages, is permanently shuttering a warehouse in Grapevine, Texas, on Feb. 29, according to a WARN filing.

The closure will impact 109 employees, with a majority of the layoffs expected to occur on Feb. 29, while remaining employees will be separated on April 30, according to a notice emailed to Supply Chain Dive.

The letter didn’t state why the distributor is closing its warehouse.

Jumbo Beverages is a subsidiary of distributor Glazer’s Beer and Beverage, and represents 34 beverage companies, including Nesquik, San Pellegrino and Fiji Water, across 13 counties in North Texas, according to the company’s website.

While Jumbo Beverages may be closing its facility, other beverage distributors have been investing in their warehouse operations.

Southern Glazer’s Wine and Spirits, for instance, is planning to deploy AI technology and robotics warehouse automation in select distribution centers by 2025, reports Supply Chain Dive.

“The tech aims to improve order accuracy, fill rates and increase capacity.”

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Also Read: A Popular Clothing Retailer Now Begins An Unexpected Liquidation

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Market News Today - A Popular Furniture Store Now Announces an Unexpected Closure.
Market News Today – A Popular Furniture Store Now Announces an Unexpected Closure.

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