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Furniture retailer Robb & Stucky goes out of business
Mar 8, 2011

After filing bankruptcy last month with more than $60 million in debt, furniture retailer Robb & Stucky will announce its plans to liquidate by the week's end.
The liquidator Hudson Capital agreed to pay $30 million for the company, which amounts to 75% of the value of its inventory. It is projected that $13 million owed to Robb & Stucky customers and vendors will not be repaid.
Furniture retailer Robb & Stucky goes out of business
Liquidation sales begin immediately in its dozen stores, and the 30 facilities and 1300 employees will close doors by the end of summer, according to a report.
Founded in 1915 in Fort Myers, Fla. as a one-store general merchandise emporium, Robb & Stucky operates facilities in Florida, Texas, Arizona, North Carolina, and Nevada.

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