Which Furniture Stores Are Going Out Of Business During Lockdown?
Everyone loves a good furniture chain store, but they don’t always last. Furniture is a difficult business to be in even before the pandemic hit. The products are expensive and require large showrooms while the average consumer may only make a purchase once or twice in a lifetime. Here’s a list of going out of business furniture stores amid the COVID-19 lockdowns.
Is IKEA going out of business?
IKEA is a Swedish company that provides ready-to-assemble furniture, kitchen appliances, and home accessories. IKEA has been the world’s largest furniture retailer since 2008 with more than 300 stores operating in 30 countries. However, in recent years, IKEA has long known the shortcomings of its business, especially when the pandemic hit.
IKEA has long known the shortcomings of its business.
The company’s CEO admitted that they had struggled to meet customer’s demands during the high street lockdowns. Due to the spread of COVID-19, a number of IKEA stores are temporarily closed. Even so, the possibility of click & collect or click & deliver can still be found on the IKEA website for individual countries. To support the situation, the company also gives out hundred of discount codes for the IKEA online platform, you can check them out at FindCouponHere.
Is Wayfair going out of business?
Wayfair is an American e-commerce company that sells furniture and home goods. Founded in 2002, Wayfair’s digital platform offers 14 million items from more than 11,000 global suppliers. In March 2019, Wayfair announced that it would be opening its first full-service store at the Natick Mall in Natick, Massachusetts.
Wayfair's first physical store was opened in Natick, Massachusetts.
However, this didn’t last for long. A little over a year after opening, they decided to close their only standalone store. But this didn’t mean that Wayfair was going out of business. In contrast, pandemic online shopping had pushed Wayfair to new heights. Despite all the restrictions during the quarantine, Wayfair fulfilled nearly 19 million orders in the second quarter of 2020. To express their appreciation to their customers, there are up to 40-70% OFF discount codes on selected items every day on Wayfair's website.
Is La-Z-Boy going out of business?
La-Z-Boy is an American-based furniture manufacturer. The company makes home furniture, including recliners, sofas, lift chairs, etc. with more than 11,00 employees. Their furniture is sold in thousands of retail residential outlets in the United States and Canada.
La-Z-Boy has been struggling, especially when the pandemic hit.
Nevertheless, when the coronavirus pandemic was declared to be a national emergency and the economy began to shut down, La-Z-Boy had to temporarily close its U.S. factories and its own stores. The company has tried its best to bring manufacturing facilities back online after shutting down its factories, but the raw material and container shortage gas also slowed La-Z-Boy’s comeback and raised costs.
Office Depot going out of business sale
Office Depot is an American office supply retailing company headquartered in Florida. The company operates 1,400 retail stores, e-commerce sites, and a business-to-business sale organization with about 38,000 employees. Even so, in 2020, Office Depot closed more than 50 stores under its namesake and planned to close certain retail stores by the end of 2023. The company stated that it will still continue to serve its customers at potential retail stores and its online platform officedepot.com. You can grab the best Office Depot deals and coupon codes at FindCouponHere today!
Office Depot closed more than 50 stores to focus on its online platform officedepot.com
Is Ashley Furniture going out of business?
Ashley Furniture is an American-based home furnishings manufacturer and retailer. The company sells its products through two distribution channels: independent furniture dealers and more than 700 retailer stores in the United States, Canada, Mexico, Central America, and Japan. However, during the lockdowns, Ashley Furniture announced that they would embrace the government’s recommendation by closing select Ashley Furniture locations. You can still shop for your home online at ashleyhomestore.com or through their mobile app.
Customers can still shop at the Ashley Furniture website or app after they have temporarily closed their selected locations.
Loves Furniture going out of business sale
Loves Furniture is an American-based retail chain store. This is also the retail that took over many closed Art Van Furniture locations. The company seemed like a hero when it moved it when Art Van had financial problems. However, only six months after opening its first store, Loves Furniture had filed for Chapter 11 bankruptcy. The company has been under financial problems since the first day it opened and liquidated 25 of its stores.
Loves Furniture filed for Chapter 11 bankruptcy after 6 months of opening.
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