Seven La-Z-Boy galleries to close in Detroit area
December 15, 2008,
Seven La-Z-Boy Furniture Galleries in this metro area are going out of business, right in the backyard of La-Z-Boy corporate, which is based in nearby Monroe, Mich.
The stores in Taylor, Sterling Heights, Auburn Hills, Canton, Flint, Ann Arbor and Novi, Mich. are part of La-Z-Boy Furniture Galleries of Detroit. They will close after liquidation sales that began on Dec. 12, said Jerry Ellis, an attorney representing the licensee.
La-Z-Boy stores in Lansing and Grand Rapids, also part of the same licensed group led Paul Opfermann, will remain open, as will a store in Kalamazoo, Mich., which is not part of the group.
La-Z-Boy of Detroit hired SPCI to run the going-out-of-business sale, which is likely to continue until sometime in February, Ellis said.
In November, La-Z-Boy announced a cost-cutting initiative that included plans to close 15 to 20 primarily dealer-owned La-Z-Boy Furniture Galleries over the next 90 to 120 days.
Kathy Liebmann, La-Z-Boy's director of investor relations, confirmed that the Detroit area stores are among those 15 to 20 units.
Asked about distribution in the Michigan market, where La-Z-Boy continues to sell through other furniture stores, she said, “We're sorting out our options and working through various issues during the GOB.”