Kirschman’s Selling to Rooms To Go

June 7, 2006  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on June 2006 Kirschman’s, a 92-year-old Louisiana furniture retailer, has agreed to be acquired by Rooms To Go, according to a report in The Times-Picayune.

Kirschman’s closed the doors to five stores Wednesday evening.

According to the newspaper, the five stores included in the deal will close for two weeks for an inventory assessment. They will then reopen under the Kirschman’s name for a liquidation sale. Once the sale is completed, the stores will close again for remodeling. The first store is set to open in the fall in Metarie, La.

Stores included in the deal are located in Metarie, Baton Rouge, Gretna, Covington and Gulfport. Four Kirschman’s stores that have closed recently were not included in the deal. Three Ethan Allen franchises operated by the Kirschman family were also excluded from the deal.

Arnold Kirschman, president and chief executive officer of the retailer, said he was not looking for a buyer when Rooms To Go made an unsolicited offer. The Kirschman family is retaining rights to the its name and is not ruling out opening another business.