This Beloved Furniture Store Has Just Filed For Bankruptcy Best Life
The chain, which had recently closed half of its 68 nationwide locations, sealed the deal after being battered by cashflow and supply chain issues amid the pandemic. These “dropped the Company’s revenue to nearly zero overnight,” the company’s CFO and COO, Donald Roach, reported in official court documents. Their closing also signals larger problems that the pandemic has caused, and could be a bellwether for similar businesses. “Raw materials have been harder to acquire, which has impacted manufacturers’ ability to produce goods,” said Roach....