Art Van Furniture Inc. Founded in 1959, the company is headquartered in Warren, Michigan in Metro Detroit. On March 5, 2020, the company announced it closed all its stores.
Art Van Furniture, the metro Detroit-based company and the Midwest’s top furniture and mattress retailer, announced Thursday it is shutting down and will begin liquidation sales at all of its company-owned stores in Michigan , Illinois, Missouri and Ohio.
Art Van Furniture Stores are now closing!
Art Van Elslander
They will haggle . Once you get them down on price, ask for a cash discount. They should come down some more on that as well.
An Art Van competitor, Houston-based Mattress Firm Holdings, entered Chapter 11 bankruptcy after an acquisition binge that grew its footprint to 3,230 storefronts and 10,000 employees. The mattress retailer ballooned revenue to $3.4 billion in 2018 from just $432.3 million in 2009, but was bleeding money for years.
US Realty Acquisitions LLC, founded by investors Jeff Love, acquired the assets and leases of the Art Van stores out of U.S. Bankruptcy Court in Delaware for $6.9 million, according to court records, and was finalized Tuesday.
Bankrupt Metro Detroit-based furniture retailer Art Van laid off nearly all of its employees Friday after closing stores during the coronavirus pandemic. The company suspended all sales operations, saying the lack of shoppers is “costing more to stay open then we’re bringing in,” company spokeswoman Diane Charles said.
ANN ARBOR , MI – Most of the Art Van Furniture and Art Van PureSleep stores are closing in Michigan, including all nine in the Ann Arbor area. The company announced Thursday, March 5, plans to close all of its company-owned furniture and mattress stores.
Poor quality furniture The legs were not all balanced on the bottom on multiple pieces of furniture and it resulted in having one of the drawers open by itself on one piece of furniture . Art Van did not stand by their one year warranty when I tried and contact them about the legs.