No word on DeRusha
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- Invisible-man approach won't help troubled chain. Allegrezza, Ray // Furniture/Today;08/14/2000, Vol. 24 Issue 48, p57
Comments on the aftermath of the resignation of Bill DeRusha as chief executive officer at furniture company Heilig-Meyers. Absence of a company statement about the departure of DeRusha; Lack of management plans to help Heilig-Meyers recover from financial distress.
- Industry mutes criticism of DeRusha--as usual. Perry, David // Furniture/Today;08/07/2000, Vol. 24 Issue 47, p45
Opinion. Comments on the reaction of the furniture industry to the resignation of executive Bill DeRusha from the financially troubled Heilig-Meyers in the United States. View on the severance package for DeRusha; Amazement with the industry's assessment of the tenure of DeRusha in the...
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Reports that furniture retailer Heilig-Meyers Co. is testing a small-market format called Value Horse. Plan to open stores in towns with populations under 25,000.
- Heilig May be Heading Toward Ch. 11. Cecil, Mark // Mergers & Acquisitions Report;08/07/2000, Vol. 13 Issue 32, p1
Focuses on the speculation that Heilig-Meyers Corp. is facing bankruptcy. Reasons for the speculation; Services offered by the company.
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Focuses on the liquidation of Heilig-Meyers' stores in Virginia.
- Heilig-Meyers files Ch. 11. Engel, Clint // Furniture/Today;08/21/2000, Vol. 24 Issue 49, p1
Reports that furniture retail chain Heilig-Meyers filed for Chapter 11 bankruptcy protection in August 2000. Plan to close nearly one-third of the chain's stores in order to cut costs; Company's decision to stop offering in-house financing; List of Heilig-Meyers' ten largest unsecured claims...
- Vendors shocked at fast deterioration. O'Mara, Sheila Long // Furniture/Today;08/21/2000, Vol. 24 Issue 49, p28
Discusses the responses of furniture manufacturers and suppliers that participated in the Tupelo Furniture Market in Tupelo, Mississippi, to news of Heilig-Meyers' bankruptcy filing. Standard Furniture's expression of confidence in Heilig-Meyers' ability to recoup the business elsewhere in the...
- Size of store closings a surprise. Engel, Clint // Furniture/Today;08/21/2000, Vol. 24 Issue 49, p28
Reports on the reaction of furniture manufacturers and suppliers to furniture retail chain Heilig-Meyer's plan to close 100-plus stores following its bankruptcy filing. Decision of Heilig-Meyer to stop offering installment credit and to outsource all credit operations to a third party;...
- Some retailers see opportunities ahead. Engel, Clint // Furniture/Today;08/21/2000, Vol. 24 Issue 49, p29
Discusses opportunities that were opened by furniture retail chain Heilig-Meyers' bankruptcy for other retailers. Gallery Furniture's plan to buy goods from suppliers who cut Heilig-Meyers off in August 2000; W.S. Badcock's operation of credit-oriented stores similar to the ones started by...
