Rose to Stay in Business

January 9, 2007  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on January 2007 Rose Furniture in High Point wont be closing its doors after all, according to a report from the local Fox News affiliate.

Rose had announced it would go out of business in October, when it laid off around 150 of 250 employees. On Monday, however, the company told the remaining workers they’d be keeping their jobs.

Those remaining workers had spent the last several months overseeing a massive going-out-of-business sale in hopes of unloading all unsold inventory. Apparently, that gave Rose time to find new investors.

Rose President Buck Kester said he was surprised by the change in fortune.

“I’m very excited about the future, and our new business model is an exciting model for not only High Point, but for the furniture industry in general,” he said in the report.