Furniture Manufacturers That Have Gone Out Of Business
Over the years, there have been many furniture manufacturers that have come and gone. Some were well-known, while others were smaller, regional companies. Regardless of their size or popularity, the reasons for their demise vary. In this article, we'll take a look back at some of the furniture manufacturers that have gone out of business and what led to their downfall.
The Demise of Thomasville Furniture
Thomasville Furniture was once a well-respected brand in the furniture industry. Founded in 1904 in Thomasville, North Carolina, the company grew to become one of the largest furniture manufacturers in the United States. However, in the early 2000s, Thomasville's parent company, Furniture Brands International, began to struggle financially. The company filed for bankruptcy in 2013 and was eventually purchased by Heritage Home Group.
Saying Goodbye to La-Z-Boy West
La-Z-Boy West was a regional furniture manufacturer based in California. The company was known for its comfortable, reclining chairs and sofas. However, in 2008, La-Z-Boy West announced that it would be closing its doors due to the struggling economy. The company had been in business for over 70 years before its closure.
The End of Drexel Heritage
Drexel Heritage was a high-end furniture manufacturer that was founded in 1903 in North Carolina. The company was known for its quality craftsmanship and attention to detail. However, in 2014, Drexel Heritage's parent company, Furniture Brands International, filed for bankruptcy. The brand was eventually sold to Heritage Home Group, but the Drexel Heritage name was discontinued.
Why Pennsylvania House Closed Its Doors
Pennsylvania House was a furniture manufacturer based in Lewisburg, Pennsylvania. The company was known for its traditional, high-quality furniture pieces. However, in 2010, Pennsylvania House announced that it would be closing its doors due to the struggling economy. The company had been in business for over 120 years before its closure.
What Happened to Henredon Furniture?
Henredon Furniture was a luxury furniture manufacturer that was founded in North Carolina in 1945. The company was known for its high-end, custom-made pieces. However, in 2014, Henredon's parent company, Furniture Brands International, filed for bankruptcy. The brand was eventually sold to Heritage Home Group, but the Henredon name was discontinued.
The Downfall of Hickory Chair
Hickory Chair was a furniture manufacturer based in North Carolina. The company was known for its traditional, handcrafted pieces. However, in 2014, Hickory Chair's parent company, Furniture Brands International, filed for bankruptcy. The brand was eventually sold to Heritage Home Group, but the Hickory Chair name was discontinued.
Conclusion
The furniture industry is constantly changing, and companies that were once successful can quickly fall out of favor. While the reasons for their demise vary, many furniture manufacturers that have gone out of business have struggled financially due to the changing economy and increased competition. However, their legacies live on through the furniture pieces they created and the impact they had on the industry.