main banner

Thursday, December 22, 2011

Annandale RoomStore will close

The RoomStore in Annandale (7031 Columbia Pike) will close “in about a month or less,” says store manager Tigist Badeg. The Richmond-based company filed for reorganization under Chapter 11 of the federal bankruptcy code Dec. 12 and is closing 24 of its 64 stores. The RoomStore in Seven Corners will remain open.

Meanwhile, everything in the Annandale store is 40 percent off.

RoomStore Inc., which also holds a majority stake in Mattress Discounters, was facing “mounting losses, sharply decreasing sales, and a shortage of cash as it worked to pay down a bank loan,” Furniture Today reported Dec. 19.

According to Badeg, the 12 employees at the Annandale RoomStore will be transferred to other jobs within the company. Before the RoomStore opened in Annandale about 15 years ago, there was a Hub furniture store in that location.

No comments:

Post a Comment