McGee Furniture Closing in Danville, Va.

February 15, 2010  by in UnCategorized   

By Home Furnishings Business in Retail Closings on February 16, 2010

A dwindling middle class in its market and economic recession are leading 36-year-old Danville, Va., retailer McGee Furniture to close its doors, the Danville Register & Bee reported Sunday.

Owner Daryl McGee also faces cancer, which contributed to the decision to close, which he said was made in conjunction with the store's six employees. A going-out-of-business sale starts Thursday to sell off $1.7 million worth of inventory. McGee also plans to sell the 16,000-square-foot building.

Business falling for the past three years. Along with the effects of the recession and a big-box retailer, a lot of McGee's customers left Danville after Dan River Inc. closed.

The closing also allows McGee to concentrate on treating his colon cancer, which was diagnosed last July.