Furniture retailer the Door Store filed for bankruptcy protection in late May. The Door Store, which was founded in Ohio in 1953, has had a drastic sales shift since the financial crisis began. High rents on large showrooms are being cited as the main cash flow concern. The company expects to fulfill all outstanding orders and continue operations.
furniture and home: June 2009 Archives
Hendricks Furniture filed for Chapter 11 bankruptcy today, citing economic conditions. The company's rapid expansion into Drexel and Thomasville stores created cash flow issues exacerbated by the financial crisis. The company's restructuring plan is already underway.
