Levitz Furniture

Levitz Furniture was a furniture showroom chain that was founded in 1910 and all of its stores were closed by early 2008.

The company is accused of having been poorly run for more than a decade. It dthumb|right|248pxeclared Chapter 11 bankruptcy twice during the period, in 1997 and again in 2005, both times emerging after a corporate restructuring and the participation of new outside backers.[3]

On December 21, 1998, Levitz announced it would close 27 stores and lay off 25% of its workforce. The company downsized its warehouse system from 65 to 17 sites.[4]

Levitz's showrooms in Florida and Texas were unsucessful and closed in 1998.

The furniture market underwent a prolonged nationwide downturn after the 9/11 terrorist attacks, and was hurt again in late 2007 by the 2007 subprime mortgage financial crisis.[5] Levitz filed for bankruptcy the final time in October 2007.[1] As of that time it was operating nearly 80 stores, mostly in the Northeastern United States and on the West Coast,[6] under the corporation PLVTZ LLC. In October 2008, Levitz Furniture, with bankruptcy court approval, converted its Chapter 11 case to Chapter 7, and started liquidation sales.[7]

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The company was sold in bankruptcy to a group of bidders led by Hilco Merchant Resources,[3] that began to rapidly liquidate its inventory and close all remaining stores.[6] =====

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also in 2009, National Furniture Liquidators partnered with another retailer by renting out a vacant Levitz in Eatontown, New Jersey at a reduced rent thumb|270px|right& ran a huge $5,000,000 liquidation sale over a 12 week period. The results were outstanding - $1.2 million over 12 weeks.=====