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Furniture retailer closing

April 11, 2001

Furniture retailer closing



From staff and AP


Furniture retailer Heilig-Meyers Co. said Wednesday it will close its remaining 375 stores, including one in Halfway, and liquidate inventory.

The company, which is under U.S. Bankruptcy Court protection, said it is in talks with "various interested parties" to sell its three Homemakers stores.

The Washington County store is at 17627 Virginia Ave.

The manager of the local store said he could not comment on the closings. He referred media calls to a company spokesman.

A spokesman said the stores will be closed by late summer but exact dates have not been determined.

Close-out sales will begin later this month, the spokesman said.

Heilig-Meyers, based in Richmond, Va., filed for protection from its creditors under Chapter 11 of the U.S. Bankruptcy Code on Aug. 16. The Chapter 11 filing freed the company from the threat of creditors' lawsuits while it reorganized its finances.

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At the time of its bankruptcy filing, Heilig-Meyers had more than 900 stores. Since then, it has steadily closed stores in clusters.

The company said closing the last of its Heilig-Meyers stores will allow it to concentrate on its RoomStore operations. The company has 54 RoomStores in metropolitan markets in Texas, Maryland and Washington D.C.

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