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On December 21, 1998, Levitz announced it would close 27 stores and lay off 25% of its workforce. The company downsized its warehouse system from 65 to 17 sites. [4] The furniture market underwent a prolonged nationwide downturn after the September 11 attacks, and was hurt again in late 2007 by the 2007 subprime mortgage financial crisis. [5]
Interior of a warehouse store. A warehouse store or warehouse supermarket is a food and grocery retailer that operates stores geared toward offering deeper discounted prices than a traditional supermarket. These stores offer a no-frills experience and warehouse shelving stocked well with merchandise intended to move at higher volumes.
Lenox was founded in 1889 by Walter Scott Lenox as Lenox's Ceramic Art Company in Trenton, New Jersey. [1]As Lenox's products became popular in the early 20th century, the company expanded its production to a factory-style operation, making tableware in standard patterns while still relying on skilled handworking, especially for painting.
In 1975 it acquired the Bad Boy Furniture chain of 40 stores in Toronto, Ontario area. [5] Absorbed into The Brick, the rights to the Bad Boy Furniture name was lapsed and later revived by Lastman family in 1991. In March 2004, the company acquired United Furniture Warehouse which had 81 locations throughout Canada at the time. [6]
Wickes Furniture was a privately held chain of furniture stores based in Wheeling, Illinois. [1] The company was founded in 1971 with a showroom in Fridley, Minnesota , and at its peak, operated 43 stores in California , Illinois , Indiana , Michigan , Minnesota , Nevada , Texas and Oregon .
In 1989, TJX spun off their warehouse division, consisting of BJ's and now-defunct HomeClub (later known as HomeBase, then House2Home), to form Waban, Inc. In August 1997, Waban spun off BJ's to become an independent company, BJ's Wholesale Club, Inc., headquartered in Natick, Massachusetts, while Waban renamed itself to HomeBase, Inc. [ 10 ]
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