High-end D.C.-area retailer Colony House Furniture to close
Clint Engel -- Furniture Today, September 29, 2011
ARLINGTON, Va. — Colony House Furniture is in the midst of liquidating and closing after 75 years of business in the greater Washington, D.C., market.
The company hired Planned Furniture Promotions to run the sale, which should wrap up before the end of the year, said Michael Diffee, third generation co-owner of the high-end store with his brother JR Diffee.
He declined to disclose projections on how much the sale is expected to generate, but he said results so far have been strong.
"We're going out on our own terms, not forced out by creditors," Michael Diffee said. "Our vendors have been paid and all the merchandise we had on back-order is now delivered. No one is being left high and dry."
Like many furniture retailers, Colony House has struggled during the past few years. In 2006, it closed a 40,000-square-foot store in Centreville, Va., after three years operating there, consolidating business back to its 30,000-square-foot Arlington store.
Diffee said the Centerville store was a victim of bad timing and a bad location. He said the economy also has hurt the Arlington store.
For more details on this story, see the Oct. 3 print issue of Furniture/Today.