Furniture Express Shuts Doors

August 19, 2007  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on August 2007 Furniture Express, which once operated nine stores in the Detroit area, announced Friday that it is shutting down operations in a move company officials blamed on Comerica Bank.

In a two-paragraph statement Friday, Furniture Express officials said “While negotiations continued, Comerica (Bank) seized all operating funds, leaving Furniture Express no choice but to close its doors immediately.”

The release on PR Newswire referred suppliers to a Comerica Bank official who could not be reached immediately Monday.

According to The Detroit News, the Romulus, Mich.-based retailer operated three stories immediately before the shutdown last week. It once had nine stores and an 85,000-square-foot warehouse and headquarters. Its Web site lists seven locations. The newspaper report said the retailer had been hampered by layoffs and economic uncertainty in the Detroit area.

Founded by Bob Berman in 1994, Furniture Express specialized in room packages and offered same-day and next-day delivery.