Hyundai appears to be closing
By Powell Slaughter -- Furniture Today, March 24, 2002
RANCHO DOMINGUEZ, Calif. — RANCHO DOMINGUEZ, Calif. — Case goods and occasional importer Hyundai Furniture appears on the verge of shutting down. A recorded telephone message at the company's headquarters here last week said the company was closing furniture operations.
A Hyundai official reached by phone last week declined to comment.
Late last year, the company decided to focus its business on the West and Midwest. Hyundai closed its High Point distribution center and office in November and relocated headquarters to its distribution center in this Los Angeles-area community.
Former President Gary Ash left Hyundai at that time, and the company left the position vacant.
A division of the multibillion-dollar Korean conglomerate Hyundai, Hyundai Furniture relocated from Dallas to High Point in 1988.
Earlier this year, the company committed to a showroom in the World Market Center in Las Vegas, but it subsequently told the WMC that it wouldn't be leasing the space, said David Palmer, general manager of the WMC.
Hyundai had already decided not to attend the High Point market for the April show, saying the move was part of a strategy to concentrate on building its business west of the Mississippi.
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