Clint Engel — Furniture Today,
\nATLANTA \u00e2\u20ac\u201d Two and a half weeks into high-impact
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\nsales to boost business in South Florida Leath Furniture said it may have to shut down its Modernage chain if the sales aren\u00e2\u20ac\u2122t successful.<\/p>\n
The promotions are called the \u00e2\u20ac\u0153Save our stores survival sale,\u00e2\u20ac\u009d a name chosen by Planned Furniture Promotions, which is running the event. So far, results have been \u00e2\u20ac\u0153satisfactory, but not terrific,\u00e2\u20ac\u009d said Leath CEO Ron Phillips.<\/p>\n
\u00e2\u20ac\u0153Business remains a struggle for everyone\u00e2\u20ac\u009d in the market, he added.<\/p>\n
Leath has a total of seven Modernage stores, five of them in South Florida. Two stores further north, in Stuart and Vero Beach, Fla., are said to be doing better than the South Florida units and aren\u00e2\u20ac\u2122t participating in the sale.<\/p>\n
A story on the Miami Herald\u00e2\u20ac\u2122s Web site said Modernage is \u00e2\u20ac\u0153on the verge of going out of business.\u00e2\u20ac\u009d Leath Chief Financial Officer Barbara Snow told the newspaper that if the sales \u00e2\u20ac\u201d running 30 to 60 days \u00e2\u20ac\u201d aren\u00e2\u20ac\u2122t successful, the company will have to \u00e2\u20ac\u0153look at its options,\u00e2\u20ac\u009d including closing.<\/p>\n
\u00e2\u20ac\u0153If the high-impact sales don\u00e2\u20ac\u2122t work, there is that possibility,\u00e2\u20ac\u009d Phillips told Furniture\/Today. But saying that Modernage is on the verge of going out of business is premature, he added.<\/p>\n
Phillips also confirmed that Fort Lauderdale-based retailer City Furniture is picking up the lease on the Modernage Fort Lauderdale store, noting that Leath didn\u00e2\u20ac\u2122t plan to renew that lease.<\/p>\n
Also, the company probably won\u00e2\u20ac\u2122t be renewing the lease on its north Dade County location on the Palmetto Expressway. That lease also is coming up for renewal.<\/p>\n","protected":false},"excerpt":{"rendered":"
Clint Engel — Furniture Today, ATLANTA \u00e2\u20ac\u201d Two and a half weeks into high-impact<\/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-3507","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\/3507","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=3507"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/3507\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=3507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=3507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=3507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}