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RoomStore studying options, including sale of chain or closing stores
June 5,
2012 by in UnCategorized
By Aggregated Content in on June 6, 2012
from http://c.moreover.com/click/here.pl?z6610655018&z=1250249027
Richmond, Va. -- The final chapter of the RoomStore Inc. chain might be near. The financially troubled home furnishings retailer, which filed for Chapter 11 bankruptcy in December, is looking at its options, including putting its remaining 27 stores and one clearance center on the selling block or closing them all. "We are diligently pursuing a variety of options for the company," said Stephen Giordano, the company's president and CEO. "We are pursuing these options simultaneously, and it is not possible to predict a likely outcome at the present time." Giordano said the Goochland County-based chain prefers to sell
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