Furniture Country Galleries Hangs GOB Sign
December 31, 2008
Furniture Country Galleries, St. Augustine, Fla., announced recently that it has filed for Chapter 11 in United States Bankruptcy Court. A statement posted on the retailer's Web site on Dec. 19 states that its stores have closed to prepare for a major sale.
The Web site statement also said customers awaiting orders will be contacted. A story in The Daily Commercial of Leesburg, Fla., Tuesday states that the retailer has hired Planned Furniture Promotions to handle its going-out-of-business (GOB) sale, pending court approval.
The newspaper stated that a company press release blamed the closing on the weakening economy combined with a severe cash-flow problem. The company was founded in 1979 and had three stores before closing a location in Ocala to focus on stores in St. Augustine and Leesburg.
The Web site statement also said customers awaiting orders will be contacted. A story in The Daily Commercial of Leesburg, Fla., Tuesday states that the retailer has hired Planned Furniture Promotions to handle its going-out-of-business (GOB) sale, pending court approval.
The newspaper stated that a company press release blamed the closing on the weakening economy combined with a severe cash-flow problem. The company was founded in 1979 and had three stores before closing a location in Ocala to focus on stores in St. Augustine and Leesburg.
