Popular furniture store brand closes down, no bankruptcy

Before online retailers settled in, shopping for furniture was a time-consuming task that required visiting various stores to find the right piece for the appropriate room.

Consumers browsed regional and local stores, as well as the showrooms of major furniture retailers such as Breuner’s Home Furnishings or Levitz Furniture, sitting on chairs and couches and lying on beds.

As internet furniture sellers began to proliferate in the 1990s, customers were able to search hundreds of retailers’ inventory from their computers to find the best deal and the ideal piece. Of course, unless there was a local store nearby, they couldn’t try the furniture on until it was delivered to their home.

Before the 1990s, the furniture industry was vibrant, with large national retailers such as Breuner’s, founded in 1856 and numbering up to 50 stores, dominating the market. Breuners filed suit Chapter 11 Bankruptcy Converted to Chapter 7 liquidation in July 2004.

Breuner’s remaining assets were purchased from bankruptcy estate. Oak Point Partners In 2012.

Then it became iconic Levitz FurnitureA national retailer founded in 1910 that filed for bankruptcy in 2007, it liquidated and closed all of its stores during the Great Recession in 2008. Levitz had reached nearly 200 stores at the same time.

Since the Covid-19 pandemic devastated the retail industry in 2020, a series of economic problems have shaken the furniture industry, leading to store closures and bankruptcies.

Slowdowns in the housing market, permanent inflationand variable supply chains were major challenges for the furniture industry, IBIS World reported. The distressed housing market caused by high mortgage rates and rising home prices has led to a decline in home sales and reduced demand for new furniture.

Many furniture stores that have been in business for decades have closed their retail stores and, in some cases, filed for bankruptcy by 2025.

American Signature Inc., a 77-year-old retail chain operator that operates 120 stores in 17 states under the American Signature Furniture and Value City Furniture brands, filed for Chapter 11 bankruptcy on Nov. 22 after closing four Nashville-area stores in October.

• Delaware

• Florida

• Georgia

• illinois

• indiana

• Kentucky

• maryland

• Michigan

• Missouri

• new York

• North Carolina

• Ohio

• Pennsylvania

• South Carolina

• Tennessee

• Virginia

• West Virginia.

Separately, Buddy’s Home Furnishings franchisee Buddy Mac Holdings LLC, which operates 47 franchises in eight states, filed for Chapter 11 bankruptcy on Dec. 4 to halt foreclosure proceedings on three of its properties located in Texas, Missouri and Illinois.

• 9 stores in Arkansas

• Florida, 1 store

• Illinois, 1 store

• Kansas City, 1 store

• Missouri, 12 stores

• New Mexico, 4 stores

• Oklahoma, 8 stores

• Texas, 11 stores

And now, Florida-based furniture chain Tuskers is closing its stores because the owner of the company has decided to retire after almost 20 years of business. Today Furniture reported.

Miramar Beach, Fla. based Tuskers Home Store and will begin final liquidation sales on December 26, to be managed by Tuskers Furniture & Patio. Planned Furniture Promotionsspecializes in retail home furnishings promotions. In addition to all stock, the Tuskers Home Store showroom is also available for sale.

“Tuskers Home Store has been a meaningful part of this community, and their commitment to customers is reflected in the loyalty they have built. We are honored to assist them in this important chapter,” said Tom Liddell, senior vice president of Planned Furniture Promotions.

Remarkably, Tuskers opened its first store during the Great Recession in 2008, and its timing was good. With the building and second home market in the Miramar Beach area on the rise, the retailer was strategically positioned for success. recession According to Furniture Today, Tuskers and Tuskers’ business grew rapidly.

More closures:

The retailer’s success led to the opening of a second store, Tuskers Furniture & Patio Outlet, in 2012, offering quality furniture, affordable prices and free in-store design guidance.

Tuskers offers coastal-inspired furniture styles including reclaimed woods, outdoor seating pieces, and complete room packages.

• Tuskers Home Store, 11224 US-98, Miramar Beach, Fla.

• Tuskers Furniture and Patio Outlet, 106 N. Geronimo St., Miramar Beach, Fla.

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This story was first published by . Street First appeared on December 20, 2025 Retail section. Add TheStreet at: Preferred Source by clicking here.