In july the retailer announced it would be permanently closing an estimated 200 stores.
Factory direct furniture going out of business.
Bassett furniture s c e o rob spilman the son of bob who pushed john out of bassett believes the closures however painful were needed in order to keep bassett from having to shut down.
London cnn business ikea is shutting down its only furniture factory in the united states.
The swedish company will end production this december at its plant in danville virginia.
This is a group of independent furniture store owners who operate more than 500 stores nationwide that have chosen to work as a group to get the best possible values from furniture manufacturers.
Factory direct you have earned yourself a loyal customer.
Store closing would be over the next two years and start later in 2020.
The chain didn t plan to go out of business in 2020.
In january before the pandemic the retailer announced it would close 60 of its over 1 400 locations in 2020.
The company filed for bankruptcy and was hoping to find a buyer.