Deere Park liquidates Classic Home Brands
June 25, 2013-- Furniture Today,
JACKSONVILLE, Fla. — Deere Park Associates was hired to handle the going-out-of business sales for the last two Classic Home Brands furniture stores in Louisville, Ky., and Jacksonville, Fla.
The sales at the one-time dedicated Thomasville stores began earlier this month and will run "until all inventory is sold," said Jim Bullock, director of Focus Media, which works closely with Deere Park. The stores, on Philips Highway in Jacksonville and Shelbyville Road in Louisville, are each about 20,000 square feet and are supported by separate warehouses.
Bullock estimated the GOBs will generate three times annual sales in an 8-10 week period, or about $7 million total. Among the lines being liquidated are Thomasville, Hooker, A.R.T., Universal and Hammary.
"The decision to close our business was difficult," said owner Dan Dougherty in a statement. The stores were part of the history of Louisville and Jacksonville and "we have loved being a part of so many families' lives. But we have decided to move on."
Classic Brands is honoring all existing orders and warranties, according to the release.
Related Content By Author
Find out what happened at the Las Vegas Market