Case goods source Vaughan Furniture to close
December 31, 2014,
GALAX, Va. — Vaughan Furniture Co., a longtime producer of case goods, is closing.
In an internal memo sent to its sales force Dec. 30, the 91-year-old company said that despite extensive efforts to grow our business and return to profitability, the company had experienced declining sales and losses to its income statement.
The memo also assured the sales team that they will receive commissions on orders currently in the system and will continue to be paid on any new orders written as the company sells off remaining inventory.
In the memo, company President Taylor Vaughn said, “Through three generations of the Vaughan family, we have always strived to present the company and conduct ourselves with the highest levels of honesty, integrity, and respect.”
Vaughn thanked his team and encouraged them to work together in order to keep those values present as it progresses through the liquidation in the coming months.