2007 was a record year for bankruptcies

Engel, Clint
May 2008
Furniture/Today;5/26/2008, Vol. 32 Issue 38, p24
Trade Publication
The article presents information on number of bankruptcies and liquidations in the Top 100 Furniture Stores in the U.S. It cites that No. 19 Levitz Furniture Co. Inc., No. 26 Bombay Co. Inc. and No. 50 Sofa Express and More all filed bankruptcy in 2007 and subsequently liquidated and closed down. According to the article, six stores closed or closing down on the list combined sales of nearly $1.5 billion in 2007, down nearly 13% from 2006. INSET: A thinning of the ranks.


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