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From Home Furnishing Business
Naked Furniture Bankruptcy Sale Extended
May 12,
2014 by in Bankruptcy, Furniture Retailing, Industry 
The planned one-day liquidation sale at Naked Furniture is likely to extend longer than originally thought.
Naked Furniture’s bankruptcy sale will last much longer than its originally intended one day.
According to Scott Lasch, regional sales manager for RJ Rau Management, the company hired to represent the seller in this bankruptcy proceeding and sell off the merchandise, there is furniture onsite and offsite still to be sold.
“We don’t know exactly how long the sale will last. We still have other warehouse facilities that have product in it and as we sell it off the floor then we’ll bring more product in, but it could be a month or two months. I don’t know,” Lasch said.
“Right now everything is between 50 and 70 percent off and that’s expected to keep lowering as more merchandise comes in.”
Read Entire Story Source: Ann Arbor News