Los Angeles – Short Report; “You’ll love it at Levitz” will now only be remembered as an old phrase and no longer a place you can go to buy at Levitz Furniture Stores. Some of their stores are being bid on by liquidators going in to make a quick turn around profit in buying specific locations and selling it off piece by piece. Other more well known brand names, such as Ashley Home will be buying some of the Levitz Furniture Stores to redecorate as their own branded store.
Levitz was once the largest furniture store chain in America with over $1 billion in annual sales back in 1999 or so. One important factor that lead to their downfall was having to close down stores that may have affected their ability to leverage critical mass and also their remaining stores weren’t moving along with migrating demographics. Moreover, the general educated public has started shopping online furniture store selections with price, selection, and quality at a touch of a button. People now look toward an easier method of buying furniture, such as at amazon.com, visiondecor.com, ikea.com, furniture.com, etc. Not that a website image of a sofa can take the place of sitting on one to test it out at the store, but it does offer a lot more convenience and knowledge about what you are getting and how much you should be paying for it.
Not being well positioned and flexible enough to face the ever changing landscape of the population and demand, people will have to start looking elsewhere as the time is nearing an end for Levitz Furniture Stores – I guess we can all say “We Loved it at Levitz”.
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