After 24 years in existence, an unexpected furniture store with 400 outlets is closing, kicking off bargains of up to 70% off.
After more than 20 years in operation, a franchisee of Basset Furniture is closing its location in Redmond, Washington, 16 miles east of Seattle.
The store stated that July 4, 2024, would be its final sale, and it promised a 70% discount on “ALL” of their exquisite rugs.
Additionally, the store stated that customers have until Sunday, July 7, 2024, to take advantage of this chance, according to The-Sun.
“This shop is closing forever! You can haggle for the best price through July 7th, the shop posted on Facebook.
The store has been attempting to sell its assets since declaring its closure in April of last year, albeit it did not give a reason for doing so.
A statement from the store stated, “The store has a 20,000 square-foot showroom, offering a wide selection of furniture and mattresses that will be on sale up to 65%.”
Image – The Sun
Todd Copitzky, a franchisee, opened the store in 2000.
After 24 years of operation in Redmond, the business is closing.
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He had earlier declared, “Our closing sale marks the end of an era, but it also presents an opportunity for our customers to acquire timeless pieces at unprecedented prices.”
In addition to these names, the store carries Heckman, USA Leather, Stearns & Foster, Leather Italia, Tempur-Pedic, Stressless, and Howard Miller.
The management advised customers to shop early for the greatest options.
“I’m overwhelmed with gratitude for the support of our devoted customers and the hard work of our committed staff as we close the chapter on 24 incredible years,” Copitzky remarked.
The impact of the store closing on the brand’s overall performance in the US is unclear.
As of right now, Bassett Furniture Industries, Inc. has made available a quarterly report that shows an operating loss of $2.4 million.
Although we are conducting due diligence in multiple areas, no additional corporately owned stores are currently scheduled for opening in 2024, the statement stated.
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After announcing plans to close 36 sites overall, an unexpected restaurant now abruptly closes 7 locations in one state.
As part of its continuous expansion plan, TGI Fridays is closing seven of its locations in a single state.
This comes after, according to The Sun, the business abruptly closed 36 sites in 12 states at the start of the year.
In the upcoming weeks, the restaurant business will close seven of its sites around the state of New Jersey.
For the last time, Fridays will welcome hungry diners to its Brick location today.
“We see a bright future for TGI Fridays as we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy,” the company’s CEO, Weldon Spangler, stated earlier this week.
“We are in a significant moment that will enable us to pursue unending development, growth, and innovation in order to continue providing our fans with “That Fridays Feeling,” which they have grown to love.”
According to the company website, TGI Fridays had roughly 270 locations in the US prior to the closures.
The firm had earlier released a statement saying, “As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees.”
In the release, US President and Chief Operating Officer Ray Risley stated, “Our top priority has always been providing a superior experience for each and every TGI Fridays guest. We’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise.
Former CEO Ray Blanchette, a seasoned investor, purchased eight additional locations and will now own the restaurants that were previously held by the company.
The announcement of Weldon Spangler’s appointment as CEO and other significant changes to the brand’s leadership coincide with the sale.
“We see a bright future for TGI Fridays as we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy,” Spangler said in a statement.