McMahan's, a longtime west coast furniture retailer, is closing all its stores. The retailer, which operates 17 La-Z-Boy Furniture Gallery and McMahan's stores in California and Oregon, cited the "current business environment" as a factor but did not elaborate in its press release.
McMahan's, which had been family-run since 1919, was one of the nation's oldest furniture retailers. It had $45 million in 2007 sales, according to Furniture Today.
McMahan's follows by nine months Levitz Furniture, which went bankrupt in 2007 after 97 years in business.