Carl Harz to Close in N.J.

December 28, 2010  by in UnCategorized   

By Home Furnishings Business in Retail Closings on December 29, 2010

Carl Harz Fine Furniture, Elmer, N.J., will close its furniture retail operation, the Vineland Daily Journal reported Tuesday.

fter 62 years, the store will close at the end of January in the wake of a recession that put a lot of independent furniture stores out of business.

"We went through other recessions but never felt it this bad," said Joe Harzin the report. "When the housing people stopped building, that was it."

Sales have slumped from $10 million in 2006 to an estimated $4 million this year.

"I didn't react to the economy quick enough," Harz said. "I kept waiting for things to get better, and I didn't cut back on personnel as fast as I should have."

Along with its own inventory, Carl Harz is liquidating goods from other stores as well.

Carl Harz's 30,000-square-foot showroom and 16,000-square-foot warehouse will go on the market after the liquidation sale.