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Tuesday, September 19, 2006

Rowe Companies files for Chapter 11

There's good news and bad news today from Rowe Companies. In a press release Rowe said they are filing for Chapter 11 bankruptcy.
Upholstery manufacturer and retailer The Rowe Companies, reeling from declining sales, import competition and lingering problems from a faulty enterprise resource planning system, said today it was filing for Chapter 11 bankruptcy protection and that it plans to sell its Storehouse retail division.
We expect no disruptions in service from Rowe at Landfair Furniture and there should be no effect on special orders.

Now for the good news. I looked at the Rowe site and discovered they are running a contest for a new sofa.
So, tell us a little about yourself and we'll put your name in the hat for a drawing to win a free sofa! The drawing will be held on September 29, 2006. No salesman will call and we will not share your personal information with anyone.

Landfair Furniture + Design Gallery is proud to carry Rowe Furniture as part of our commitment to provide a range of price points for designers, their clients and the retail public. While LF + DG specializes in working with the interior designer, we are open to the public and can provide as much design help as you may require. For those special projects ask about "referral to a designer" program.

Bev & Mike


3 comments:

  1. Anonymous5:39 PM

    what about the people who lost
    their money and did not get their
    furniture.by supporting this company your are supporting what
    was done to the consumer, why would
    I want to shop at your store !

    ReplyDelete
  2. That's a good question. Did you read above where we wrote, We expect no disruptions in service from Rowe at Landfair Furniture and there should be no effect on special orders."

    There will be no disruption in order manufacturing or delivery. We may find that Rowe offers a narrower line of styles, but the restructured Rowe will be more focused and stronger financially.

    ReplyDelete
  3. Anonymous8:13 AM

    Yes. Rowe is still being run
    by the guy who ran a good company
    in the ground by allowing his
    goofy son to take over while
    his family sucked all the money
    they could grab out of the firm.

    The name is Birnbach. As long as he is involved you can forget
    Rowe.

    Just for your info.

    ReplyDelete