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Heilig Meyers Co

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BUSINESS
April 12, 2001 | Bloomberg News
Heilig-Meyers Co. said it plans to close its remaining 375 namesake furniture stores, affecting as many as 3,750 jobs, and focus instead on its RoomStore outlets. The retailer is negotiating with a liquidation company to sell the remaining inventory at its namesake stores, aiming to close them sometime this summer. After that, the eight to 10 employees at each store will lose their jobs. Richmond, Va.-based Heilig-Meyers filed for bankruptcy in August and has closed 418 stores since then.
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BUSINESS
April 12, 2001 | Bloomberg News
Heilig-Meyers Co. said it plans to close its remaining 375 namesake furniture stores, affecting as many as 3,750 jobs, and focus instead on its RoomStore outlets. The retailer is negotiating with a liquidation company to sell the remaining inventory at its namesake stores, aiming to close them sometime this summer. After that, the eight to 10 employees at each store will lose their jobs. Richmond, Va.-based Heilig-Meyers filed for bankruptcy in August and has closed 418 stores since then.
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BUSINESS
September 15, 2000 | Reuters
Maytag Corp. warned that its earnings would be down 8% to 10% in the second half, from $1.74 a share a year earlier, due to the loss of business at Circuit City Stores Inc. and Heilig-Meyers Co. stores. Newton, Iowa-based Maytag, maker of refrigerators, clothes washers and Hoover vacuum cleaners, said it now expects earnings per share in the mid-70-cents range in its third quarter and in the low-to-mid-80-cents range in its fourth quarter.
BUSINESS
April 4, 2000
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BUSINESS
January 14, 1986 | From Times Wire Services
Stock prices gained ground in subdued trading Monday, steadying after the sudden sell-off that hit the market last week. The Dow Jones average of 30 industrials, down 35.67 points last week, rose 7.00 to 1,520.53. Volume on the New York Stock Exchange slowed to 108.68 million shares from 122.78 million on Friday. Analysts said many traders were waiting cautiously to see how the market will react if, as is widely expected, it is confronted with more news of a strengthening economy this week.
BUSINESS
April 12, 2001 | LESLIE EARNEST and MARC BALLON, TIMES STAFF WRITERS
Krause's Furniture Inc., battered by losses and trying to gain traction in its turnaround efforts, said Wednesday that its auditors have questioned its ability to continue operations as a going concern. The statement by its independent accounting firm, Arthur Andersen, comes as the company also disclosed that it is closing 15 unprofitable stores and that its stock may be removed from the American Stock Exchange.
BUSINESS
April 12, 2001 | LESLIE EARNEST and MARC BALLON, TIMES STAFF WRITERS
Krause's Furniture Inc., battered by losses and trying to gain traction in its turnaround efforts, said Wednesday that its auditors have questioned its ability to continue operations as a going concern. The statement by its independent accounting firm, Arthur Andersen LLP, comes as the company also disclosed that it is closing 15 unprofitable stores and that its stock may be removed from the American Stock Exchange.
BUSINESS
August 20, 2000
1. Dangers of Shopping Come to Light: Prices aren't the only things falling at discount chains. Falling merchandise has accounted for thousands of injuries and some deaths in warehouse-style stores, according to a Times examination of court records from around the country. Despite numerous lawsuits and millions of dollars in jury awards and settlements against various discount retailers and warehouse superstores, the toll continues to mount.
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