Mervyns latest retailer to fail, closing its 149 stores Oct 18, 2008
Already gone are the novelty retailer Sharper Image Corp., Wickes Furniture and Levitz Furniture; and retail experts say more closings loom. "This is unprecedented really, the number of stores that are going to be closing." said Daniel Kane, principal of Tiger Capitol Group, one of several firms hired to liquidate Linens 'n Things and Shoe Pavilion. (Houston Chronicle)
Retail sales show luxury's out, bargains in Aug 26, 2008
Stores such as Wickes Furniture, Levitz Furniture Inc. and Sharper Image have filed for Chapter 11 bankruptcy protection or called it quits. "Today we're living with the financial-crisis aftermath and tightness of credit. That means a lot of retail real-estate deals are not going to happen," Niemira said. (Montana Standard, MT)
Vacancies take toll on once-busy Scottsdale Pavilions Aug 22, 2008
During the course of several years, Levitz furniture, Cost Plus World Market, Simply Artrageous. Marshalls and Anna's Linens have left the center. (Phoenix Business Journal, AZ)
Signs of the times: Furniture store, RV dealer latest economic victims Jul 2, 2008
RoomSource joins several home-furnishing stores that have closed in the past year, including Levitz Furniture in Modesto and Youngdale's, an appliance store in Turlock. Linens 'n Things in Modesto is expected to close soon. (Modesto Bee, CA)
IKEA Feels Impact of Housing Slowdown Jun 20, 2008
He said IKEA has gained market share in the U.S. from home furnishings rivals like Levitz Furniture, which liquidated, and Linens 'n' Things Inc., which filed for bankruptcy protection in early May. Instead of scaling back on overall expansion, the company is shifting its emphasis toward developing markets like China, Russia and Eastern Europe, while staying tough on prices and cutting expenses. (ABC News -- Wire)
Ask Amy: How Does Bankruptcy Affect Gift Cards? May 21, 2008
The last business on that list that filed for bankruptcy is Levitz Furniture. It filed in October, but all of Levitz's stores were mostly on the west coast. (Click2Houston, TX)
Furniture Fire Sales May 17, 2008
In early May, Linens-n-Things became the latest big-name home goods retailer to file for bankruptcy protection, following both Wickes Furniture and Levitz Furniture this year. While going-out-of-business sales are tough to beat, they aren't without , so know what to look for before you go. (SmartMoney)
Two banks to cut $265m in credit for struggling Talbots Apr 16, 2008
Eight midsize retail chains, including the Levitz furniture stores and the Sharper Image electronics seller, have sought protection under Chapter 11 of the US Bankruptcy Code over the past six months, while others have been shutting stores. The victims in Massachusetts have included Norwood furniture chain Domain Home, which filed for bankruptcy Jan. 18 after lenders pared its credit line. (Boston Globe)
Retail Bankruptcies On The Rise Feb 21, 2008
New York-based Levitz Furniture filed for bankruptcy in November. The company has since been liquidating its inventory. (CBS News)
Scruggs, Lieberman, Frate and Clark seek re-election Feb 8, 2008
There is the Pulte Homes housing project, Thunderbird Garvin School of International Management is developing 40 acres adjacent to the school, there are opportunities to develop the old Cosco building at 59th Avenue and Bell Road and with the Levitz Furniture chain closing, there is opportunity to redevelop that plaza, Frate said. Probably, Banner Thunderbird Hospital alone has invested around three-quarters of a billion dollars in expansion projects in the last eight years. (Glendale Star, AZ)
Big Businesses Closing Could be Sign of Evolving Economy Jan 25, 2008
Tom Carroll says large stores like Rite-Aid and Levitz Furniture closing and their effect on smaller businesses stems from a number of factors including the war, the real estate bubble bust and the routine cycle of recession. More Top Stories on LasVegasNow. (KLAS-TV.com, NV)
Real estate fund raises $850M Dec 22, 2007
The formula entails buying "distressed real estate that needs a component of redevelopment and turning it around." Examples of their investments include buying 35 properties in nine states from the bankrupt Levitz Furniture chain. Their funds also acquired 53 former Montgomery Ward outlets from the retailer, which also went bankrupt. (Philadelphia Business Journal, PA)
Tough times in furniture Dec 14, 2007
Furniture experts hope the eerie quiet in the cavernous and bankrupt Levitz Furniture Inc. store in Tempe doesn't spread through the rest of the industry. The four Phoenix-area Levitz stores are going out of business after four decades in the Valley. (AZCentral -- Business)
Liquidators buy Levitz for $48M Nov 30, 2007
WASHINGTON - A group of liquidators will pay $48 million for the assets of bankrupt Levitz Furniture Inc., marking the end of the furniture seller founded nearly a century ago. The bid by six liquidation firms was the highest received at a bankruptcy court-ordered auction held Wednesday, according to court papers. (AZCentral -- Business)
Levitz Seeks Bankruptcy Protection Again Nov 9, 2007
Levitz Furniture Files for Chapter 11 Bankruptcy for the Third Time in 10 Years ... Home furnishings retailer Levitz Furniture filed for Chapter 11 bankruptcy Thursday in an effort to stay in business despite a lack of cash. (ABC News -- Wire)
Daily Briefing Nov 9, 2007
RETAILING: Levitz Furniture files for Chapter 11. Home furnishings retailer Levitz Furniture said Thursday it filed for Chapter 11 bankruptcy in an effort to stay in business despite a lack of cash. (Atlanta Journal-Constitution -- Business)
Levitz files for bankruptcy, again Nov 9, 2007
NEW YORK - Home furnishings retailer Levitz Furniture said Thursday it filed for Chapter 11 bankruptcy in an effort to stay in business despite a lack of cash. Levitz's request for reorganization under court protection is part of a strategic effort to evaluate its options, including a possible sale, the privately held company said. (AZCentral -- Business)
L.L. Bean to open state’s 1st outlet in Orange this weekend Sep 27, 2007
The 14,000-square-foot store is at 560 Boston Post Road in a space formerly occupied by Levitz Furniture. It will employ 30 people, said Carolyn Beem, a spokeswoman for the Freeport, Maine-based retailer. (New Haven Register, CT)
Celebrity Seating Only! Levitz Chair Signed by 39 Daytime Stars Sells for $1200 on Charitybuzz.com Sep 5, 2007
Source: Levitz Furniture ... NEW YORK, Sept. 4 /PRNewswire/ -- Levitz Furniture, a leading specialty retailer of furniture, bedding and home furnishings, announced today that after a live online auction, its celebrity signed chair sold on charitybuzz ... Backstage at this year's Daytime Emmys, Levitz Furniture's cream Reese Accent Chair was signed by 39 celebrities including Elisabeth Hasselbeck, Barbara Walters, Alex Trebeck, Betty White, Jerry Springer, Vivica A. Fox, Phil Donahue, Kim Zimmer,... (Yahoo! Wire -- Entertainment News)
LL Bean opening in Orange Aug 17, 2007
The Orange store will occupy the old Levitz Furniture store and will employ 25 full-and part-time employees Brooks said. First Selectman Jim Zeoli said the new store will have a positive impact on the town. (Orange Bulletin, CT)
L.L. Bean bringing outlet to Post Road in Orange Aug 10, 2007
The Orange store, which will open Sept. 29, will be in the former Levitz Furniture store, said Laurie Brooks, a spokeswoman for the Freeport, Maine, retailer. The 13,000-square-foot store will employ 25 full- and part-time workers, she said. (New Haven Register, CT)
World Market Center Reports Brisk Traffic, Strong Order Writing and Key Retailer Attendance Aug 9, 2007
Dave Palmer, General Manager of World Market Center, said, "This Summer Market outpaced the expectations among exhibitors, not to mention delivered so many new facets for buyers and designers looking for the latest in products, trends and education. We had a very strong Market with terrific traffic and very positive feedback for the overall experience our Market delivers for attendees." Gaining momentum with leading retailers, 75 percent of the Top 100 U.S. Retailers were registrants of the... (PR Newswire)
Voyage to Space Jun 29, 2007
Plainsboro resident Peter A. Oppenheim, a risk and crisis manager for Levitz Furniture by day, has built an observatory in his backyard, where he hosts "star parties" for family and friends. The observatory's roof slides off for optimal viewing, and offers shelter on those cold winter nights. (Bordentwo Register News, NJ)
Old Rexall HQ takes $6.2M renovation May 17, 2007
The former corporate headquarters for Rexall Sundown and Levitz Furniture has completed a $6. 2 million renovation so it can host multiple office users. (South Florida Business Journal, FL)
DeVito/Verdi Scores Levitz Assignment Jan 20, 2007
NEW YORK DeVito/Verdi said it has been hired for advertising chores by Levitz Furniture, which has about 80 locations, concentrated mainly in the Northeast and on the West Coast. The Woodbury, N.Y.-based chain was acquired by Prentice Capital Management in late 2005 and is in the process of emerging from bankruptcy. (AdWeek)
