Heilig seeks new finance package
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- The Wal-Mart way. Lee, Carrie // FW;11/7/95, Vol. 164 Issue 23, p52
Relates why the $1.2 billion-in-sales Heilig-Meyers has a president who is sure of his strategy. The largest furniture retailer in the United States; Its market being the lower middle class living in small towns; The Heilig-Meyer's average 21.6 percent interest rate; President Troy Peery.
- Industry reaction mixed. Engel, Clint // Furniture/Today;07/31/2000, Vol. 24 Issue 46, p1
Focuses on the reaction of the furniture industry on the resignation of Bill DeRusha as the chief executive officer of Heilig-Meyers in Richmond, Virginia. Financial losses of the company from 1997-2000; Decline in the number of store chain all over the United States; Factors contributing to...
- Creditors committee named for bankruptcy. // Furniture/Today;09/04/2000, Vol. 25 Issue 1, p18
Reports on the appointment of two furniture manufacturers and factoring company CIT Group to the unsecured creditors committee for Heilig-Meyers' Chapter 11 bankruptcy case. Claims of Action Lane and Klaussner against Heilig-Meyers; Trading of Heilig-Meyers stock on the over-the-counter system.
- A roller-coaster ride to a surprisingly good ending. Allegrezza, Ray // Furniture/Today;04/30/2001, Vol. 25 Issue 33, p75
Comments on the furniture industry of the United States. Opinion on the liquidation of stores by Heilig-Meyers Inc.; Decrease in sales of furniture retailers; Impact of the reduction of interest rates on the industry.
- 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...
- Heilig-Meyers bankruptcy casts shadow over industry. Epperson, Jerry // Furniture/Today;08/28/2000, Vol. 24 Issue 50, p24
Comments on the bankruptcy of Richmond, Virginia-based furniture retailer Heilig-Meyers. Management actions at the company; Impact on the furniture industry's image.
