November 1, 2007
Bombay's closing sale is underway
Bombay Co.’s closing sale has begun at Valley View Mall. The store is one of more than 300 locations for this furniture retailer that is shutting down because the company filed for bankruptcy in September.
The retail landscape has not been bright for furniture manufacturers and retailers nationally. Along with increased competitive pressure from imports, some companies, including Stanley Furniture Co. in Henry County, have felt pressures from the slump in the housing market, the national mortgage crisis and a lack of overall consumer confidence.
Bombay said its stores will remain open through Christmas, so now is the time to find large discounts. Earlier this week, all Christmas items were 20 percent off, including ornaments and décor. And there are sales throughout the store on everything from large pieces of furniture to picture frames and decorative pillows. Right now, the largest discounts are on Halloween and fall merchandise.
Keep looking out for deeper mark-downs as Bombay clears out its merchandise. And there’s no word yet on what retailer might take Bombay’s spot at Valley View once the store closes.
On another note, today marks the first month of the Storefront blog. It's been fun so far! Send any comments or suggestions my way.
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