Art Van Store Closures 2020: Why Is The Furniture Retailer Closing Stores?
AVF Holdings, the owner of Art Van Furniture, Art Van PureSleep, and Scott Shuptrine Interiors, is closing the doors at all of its stores in Michigan, Illinois, Indiana, Missouri, and Ohio. The company will also close eight Wolf Furniture stores in Maryland and Virginia.
AVF Holdings will begin liquidation sales at all of the stores that are slated to close on Friday.
“Despite our best efforts to remain open, the Company's brands and operating performance have been hit hard by a challenging retail environment,” Diane Charles, Art Van Furniture spokesperson said in a statement. “We recognize the extraordinary retail, community and philanthropic legacies that Art Van Furniture has built for decades in the community.”
The AVF Holdings’ Levin & Wolf Furniture stores, located in Ohio and Pennsylvania, will be sold to Robert Levin, pending court approval.
The first Art Van furniture stores was opened in 1959 in Detroit by Art Van Elslander. The Art Van brand grew to be a top furniture and mattress retailer in the Midwest.
© Copyright IBTimes 2024. All rights reserved.