Does it seem like all furniture stores are closing down.?
They always do during tough economic times, but the modus operandi has become a little different. Furniture usually has a pretty big mark-up, unlike appliances and now electronics. It used to be that the owner’s would simply have large sales, then liquidation sales until there was little inventory left, if any. Now, they figure out what their willing to sell off the inventory for and sell that to liquidators who basically own the inventory and store fixtures. They come in, re-price everything and hold the liquidation sales to recoup their investment. Whatever they don’t sell is then re-sold to overstock retailers like Big Lots, Marshalls, Home Goods stores, Ross, Overstock.com, etc.
