Rosa's Home Store to Liquidate

December 22, 2010  by in UnCategorized   

By Home Furnishings Business in Retail Closings on December 23, 2010

Home furnishings, appliance and electronics retailer Rosa's Home Store will close its four Western New York stores early next year.

Planned Furniture Promotions will manage store liquidation sales for Buffalo-based Rosa's, which on Dec. 9 filed for Chapter 11 Bankruptcy protection in the United States Bankruptcy Court for the Western District of New York.

All customer deposits made prior to the Chapter 11 filing will be honored.

"This was the most important aspect of the bankruptcy filing," said Dean Rallo, president of Rosa's Home Store. "Rosa's didn't want this bankruptcy to negatively impact our loyal customers, so we worked very closely with our legal team and the bankruptcy court to put our customers first."

Store customers with open orders will receive instructions for completing their orders.  

"We're proud to have been chosen by Rosa's, an institution in the community, to assist the company in this difficult time," said Tom Liddell, senior vice president of Planned Furniture Promotions. "We look forward to assisting Rosa's complete the many customer orders that were placed prior to the Bankruptcy filing and conducting a sale that  will benefit the company, its vendors and creditors, and many local customers."

Rosa€™s Home Store operates three locations in Buffalo and one store in Niagara Falls. The stores will be closed for a short period, to complete an inventory and prepare for the liquidation, followed by the public sale early next year.