Chicago's Design Studio Furniture starts closing sale
Furniture Today Staff -- Furniture Today, March 28, 2012
CHICAGO — Design Studio Furniture is closing its last store here this year following the liquidation of an estimated $5 million in inventory, but the owner said there's a chance the retailer may eventually come back in another location.
Industry liquidator and consultant Deere Park & Associates is running the store closing sale, which started last week at the showroom at 225 W. Hubbard and is expected to run through June. The upper-end contemporary retailer will sell off everything, including goods from Thayer Coggin, Planum and Lazar.
Howard Galler, owner of the family business, said he's "a little up in the years," and although he has daughters interested in the business, the company owns the store property and had a non-furniture lease offer that was too good to turn down.
"Perhaps my heirs would be interested in opening in a different venue. That's still to be determined," Galler said, adding that the corporation will remain in place.