Cresent to Close Retail Stores

November 10, 2008  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on November 2008 Cresent Home Furnishings, a 61-year-old family-owned Tennessee retailer, will close its two stores in downtown Nashville and Cool Springs. A closing sale begins Nov. 21 at the stores, which employ around 30 people.

“This has been a very difficult decision for us. We deeply regret the dislocation that this will cause our local retail employees and to be honest, it is difficult to exit a business when we have over 61 years of retail history serving the Nashville market,” said Taylor Condra, director of operations for Cresent Enterprises, in a release. “We want to emphasize that this is not a bankruptcy sale. We value the relationships we have formed in the last six decades and unlike the distasteful and unethical ‘Going out of Business’ sales that plague the retail channel, we intend to treat every customer fairly until the final order is delivered.”

Key furniture lines involved in the sale include Cresent Fine Furniture, Stickley, Hooker, Vanguard, Hickory Chair, American Leather, Clayton Marcus, Fairfield Chair, Lane and Jamison Bedding.

Cresent Fine Furniture, the Gallatin-based manufacturing and importing division of Cresent Enterprises, remains in operation and will continue to serve a national customer base of independent furniture retailers and department stores.

“Our manufacturing and importing division continues to grow. Today’s consumer realizes the value in buying quality furniture that will last a lifetime,” Condra said. “Despite our sadness at exiting the retail side of the furniture business, we are excited about the prospects for the future of Cresent Fine Furniture and look forward to extending the success of the Cresent brand into our seventh decade.”