Boyles Furniture is GONE
Didn't survive bankruptcy, the owner - Larry Hendricks - opened up new stores in Florida right before the Recession that hit, so sales didn't materialize and that dragged down the remaining stores too much and that was the end of them. Looking at a trade magazine that came in the mail today, their sales were off - 70.6% from 2008 to 2009 as they went from 12 stores to 4. That's huge. Wonder what they're going to do with that massive store coming into High Point across the highway from Furnitureland South?
Another big loser in 2009 was Ethan Allen, down - 35.7% for 2009 according to FURNITURE TODAY.
The top furniture store operator in the USA was up 1.7% for 2009, Ashley Furniture Homestores operating over 400 locations.
My little store (I don't make the magazines!) was up 52% for 2009. <g>
Duane Collie
Straight answers from thirty-six years in the business.
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