Garden Grove, Calif. - Linder's Furniture, the Southern
California home-furnishings and CE chain, will begin going-out-of-business
sales today at its 11 stores.
The 31-year-old business, which integrated CE with furniture
in its showroom vignettes, entered into a General Assignment for the Benefit of
Creditors under California law on Nov. 2 as an alternative to bankruptcy, but
has since decided to shut its doors.
"Despite our best efforts, these turbulent times have left
us with no choice but to wind down our operations," said president Eric
Foucrier. "We believe this decision is in the best interest of our customers,
employees and creditors."
Gordon Brothers Group is conducting the fire sale, which
will run until the chain's $20 million inventory is sold.
"Sadly, this marks the end of our 31-year history," chairman
and founder Phil Linder said.