We Knew This Was Coming, Right?

After hanging a banner counting down the days until the May 25th doomsday, they come back from ruin to have an “Emergency Reopening Sale”. Does still having an inventory of unsold overpriced furniture constitute an emergency? Just close the place already.
Lane Furniture 485 Lighthouse Out Of Business Not

I’d say something about buying from a closing store, the hazards of not being able to contact anyone when a table leg falls off your $1,800 coffee table, but these places never really close.

The exact same thing the other constantly “going out of business” furniture store did in February 2008.
842 Lighthouse Black Sea

We Knew This Was Coming, Right?

EMERGENCY! Out Of Business Re-Opening Sale

Does the furniture business get any weirder?

842 Lighthouse Black Sea

This store often had pieces out on the sidewalk – free retail space at the cost of blocking pedestrian traffic. The list prices were insane – $400 for a painted wooden bench.

A typical retail furniture store must maintain warehouse inventory and a showroom, commission sales people etc. and incur a fairly high overhead. For this reason it is normal for a furniture retailer to maintain a high markup. A typical piece of furniture that has a “suggested retail” of $500 will usually cost the retailer $175 or so and actually sell for about $350. Ever notice how furniture is always on sale? That’s how it works. It is safe to say that notwithstanding sales and discounts, retail furniture prices are usually about double the wholesale cost.

And that other perpetual in/out of business furniture store down the block is open again.

EMERGENCY! Out Of Business Re-Opening Sale