{"id":2234,"date":"2013-10-09T09:50:02","date_gmt":"2013-10-09T04:20:02","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2013\/10\/09\/two-triangle-stores-to-vanish-in-storehouse-furniture-liquidation\/"},"modified":"2013-10-09T09:50:02","modified_gmt":"2013-10-09T04:20:02","slug":"two-triangle-stores-to-vanish-in-storehouse-furniture-liquidation","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/two-triangle-stores-to-vanish-in-storehouse-furniture-liquidation\/","title":{"rendered":"Two Triangle stores to vanish in Storehouse Furniture liquidation"},"content":{"rendered":"<p>Storehouse Furniture has been sold to a buyout firm that will liquidate the retailer&#8217;s operations and shut down its 70 stories, including two in the Triangle.<br \/>\n                        <!--adsense--><br \/>\n\t\t <!--more--><br \/>\n Storehouse&#8217;s parent, McLean, Va.-based The Rowe Cos., which filed for Chapter 11 bankruptcy protection last month, had said it planned to sell the Storehouse chain as part of a reorganization that will allow Rose to concentrate solely on furniture manufacturing.<\/p>\n<p>Hudson Capital Partners, a buyout firm that specializes in retail dispositions, was the only bidder for the Storehouse chain, according to the trade publication Furniture Today. Hudson began liquidating Storehouse&#8217;s remaining inventory Friday. The new owner says it will close all Storehouse locations after the inventory is sold &#8211; a process that is expected to take several weeks.<\/p>\n<p> Storehouse has operations in the North Hills shopping center in Raleigh and off South Estes Drive in Chapel Hill.<\/p>\n<p> &#8220;The Storehouse liquidation sale was ordered following exhaustive efforts to sell the chain or obtain fresh equity, which proved unsuccessful,&#8221; Hudson Capital Partners co-founder Jim Schaye said in a statement.<\/p>\n<p> The inventory to be sold is worth about $60 million.<\/p>\n<p> Storehouse has 70 locations, mostly on the East Coast, including six in North Carolina.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Storehouse Furniture has been sold to a buyout firm that will liquidate the retailer&#8217;s operations and shut down its 70 stories, including two in the Triangle.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2234","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=2234"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2234\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=2234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=2234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=2234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}