“We definitely anticipate DirectBuy members benefiting from the Z Gallerie acquisition and vice versa,” he said. “Through these 32 to 34 stores, we would like to be able to support our DirectBuy customers with custom projects - through special-order kitchen cabinetry and possibly flooring, custom furniture, those types of things.”Īnd it could do this possibly through one of the store-within-a-store formats DirectBuy has developed. That would be a win on both fronts.”Īsked exactly how DirectBuy might go about this, Astle said, the club’s customers have missed the face-to-dace interaction they used to receive at the former buying club locations since the wind down. Customers are taking advantage of it, and we can leverage it to continue to support DirectBuy members. “The beauty of Z Gallerie,” Astle added, “is it’s there. “With the (return on investment) we’ve seen on the Website, it hasn’t made a lot of sense to continue to invest in brick and mortar at this point. 46 on Furniture Today’s most recent Top 100 with 2018 estimated furniture, bedding and accessory sales of $175 million and 76 stores at yearend, before the filing.Ī few months ago, DirectBuy launched a new e-commerce platform that has been gaining traction and making it tough to justify the brick-and-mortar expansion, Astle said. It simultaneously announced plans to close 17 locations, but more closings are planned. Founded by the Zeiden family and later sold to an investment group, Z Gallerie filed for Chapter 11 bankruptcy in March citing a liquidity crunch and failure to invest enough in e-commerce, a costly distribution operation and store expansion that wasn’t meeting performance goals. Through its DirectBuy Home Improvement affiliate, the home furnishings buying club, backed by KKR Credit Advisors, was the winning bidder at a May auction, paying $20.3 million for the Gardena, Calif.-based retailer’s headquarters and at least 32 stores. DirectBuy, which acquired Z Gallerie assets through a bankruptcy auction this past month, will continue to operate the Top 100 company as a stand-alone business but sees an opportunity to promote its owns products and services at the brick-and-mortar stores, too. The Z Gallerie closing store sale event includes locations in California ( Sherman Oaks, Costa Mesa, Encinitas, Corona, Roseville), Florida ( Naples, Hallandale Beach, Sarasota, Orlando, Tampa, Boca Raton, Pembroke Pines), Georgia ( Atlanta), Illinois ( Schaumburg), Maryland (Columbia), Nevada ( Las Vegas), New Jersey ( Paramus), New York ( Garden City), and Texas ( Houston, Plano, Dallas).MERRILLVILLE, Ind. Z Gallerie gift cards may be used until November 15, 2023. Returns for items purchased prior to Octomay be returned following the company’s return policy with a receipt. Returns on items purchased after Octowill not be accepted. Riley Retail Solutions.Īll purchases made during this sale event are final. This sale will be available for a limited time only,” said Tim Shilling, Executive Vice President of B. We encourage shoppers to visit their nearest store before merchandise sells out. “This is a unique opportunity to buy high-end, quality home décor at deeply discounted prices. Please see below for our updated policies and procedures as we welcome you back. As a result, we are following all the necessary health precautions and guidelines to provide you with a safe and enjoyable shopping experience.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |