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Roomstore history
Roomstore company history timeline
The Room Store was founded in 1992 in Texas by Gary Levitz, grandson of the founder of Levitz Furniture.
1993: Rooms To Go Needed Room to Grow
They planned expansion of its 27 stores to reach 35 by the end of 1994.
By the early part of 1996, Rooms To Go had mushroomed into Florida's fastest-growing furniture retailer, and Seaman felt that the company had saturated that market.
Plans for a new venture into the Bahamas were realized in mid-1996.
Two more pilot stores were scheduled to open in Fort Lauderdale, Florida, and Duluth, Georgia, by the end of 1997.
Rooms To Go signed a 1997 joint venture agreement with Jusco Company, Ltd., a Japanese operator of department stores, supermarkets, and other businesses.
The first Rooms To Go Kids store opened in Tokyo in 1998, with plans for full-line stores to open in the following year.
In 1999, Levitz was killed in a plane crash.
Continued effects of the 2008 real estate bubble and increased competition among furniture retailers in the Phoenix area were cited as reasons for the bankruptcy.
On June 29, 2012, RoomStore, Inc. announced that it would close all of its RoomStore stores in the eastern and southern United States beginning on August 2, 2012.
However, on December 18, 2015, that company filed for Chapter 11 bankruptcy.
Liquidation sales at all twelve stores began in January 2016, and those locations were permanently closed once the sales concluded on July 11, 2016.
Bankruptcy Estate on August 28, 2017.
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Roomstore competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Grand Home Furnishings | 1911 | $129.4M | 650 | - |
| Baers Furniture | - | $197.7M | 437 | 35 |
| Bob's Discount Furniture | 1991 | $1.2B | 1,000 | 315 |
| Havertys Furniture | 1885 | $722.9M | 3,425 | 138 |
| Rooms To Go | 1991 | $2.2B | 7,000 | 253 |
| CITY Furniture | 1971 | $260.0M | 1,500 | 130 |
| Kittle's Furniture | 1932 | $140.0M | 750 | 3 |
| Furniture Factory Outlet | - | $6.8M | 25 | - |
| Kane's Furniture | 1948 | $2.8M | 30 | 86 |
| Hurley | 1979 | $99.0M | 660 | 7 |
Roomstore history FAQs
Zippia gives an in-depth look into the details of Roomstore, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Roomstore. The employee data is based on information from people who have self-reported their past or current employments at Roomstore. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Roomstore. The data presented on this page does not represent the view of Roomstore and its employees or that of Zippia.
Roomstore may also be known as or be related to Room Store, RoomStore Inc and Roomstore.