Iconic furniture chain closes locations

The furniture industry faces the same economic challenges today as all industries, including high interest rates, rising inflation, and consumer reluctance to spend in a questionable economy. 

All industries are also bracing for increased tariff costs from overseas suppliers from China, Canada, and Mexico.

💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter💰💵

Tariffs were blamed for Canadian furniture company Prepac ceasing production at its Delta, British Columbia, plant in early April and moving all production to its factory in North Carolina, the company’s workers’ union, Unifor, claimed.

Related: Largest fast-food restaurant chain closes 100s of locations

Prepac’s CEO Nick Bozikis, however, said the decision to close the Delta plant and move production to North Carolina developed over many months before any tariff risks to Prepac’s business arose.

Retail establishments will occasionally close locations and facilities for various business reasons.   

North Carolina furniture manufacturer and supplier Progressive Furniture, a subsidiary of ready-to-assemble furniture company Sauder Woodworking, said it will close down its facility at the end of the year after its primary supplier in Mexico shut down its business. The company imports wooden furniture from both Asia and Mexico.

“This decision was not made lightly, and we understand the impact it will have on our employees, customers, and partners,” Dan Kendrick, company president, said.

Furniture retailers close locations

In some cases, a business whose financial situation is unknown will shut down a location for unknown reasons.

Texas-based furniture chain Gallery Furniture on April 2 said it will close its Houston location on Post Oak Boulevard after operating the store for 16 years.

Kimbrell’s Furniture closes newest location 

In other cases, a company will close a location as part of its business strategy 

Related: Iconic department store closes all locations

Historic Charlotte, N.C.-based furniture chain Kimbrell’s Furniture is closing its newest store location in High Point, N.C., as part of its regular evaluation of its retail footprint.

Kimbrell’s Chief Executive Officer Henry L. “Hank” Johnson Jr. told TheStreet in an email message that the company is “profitable, cash-flow positive, and debt-free with an exceptionally strong balance sheet.”

The furniture store chain opened the High Point store in January 2023 in a 24,000 square-foot outparcel building that used to be occupied by a health food grocery store.

“The Company recently made an ordinary and unremarkable business decision that its resources would be better allocated in its two other stores in the Triad region of North Carolina. Kimbrell’s has several dozen stores and, like any retailer with numerous locations, is constantly evaluating its footprint,” Johnson said in an email statement.

The Kimbrell’s store in High Point was hailed as its 50th store when it opened in January 2023. A review of the company’s current locations on its website on April 30, 2025, shows 45 stores, including the store that will be closing.

Related: Massive sports retail chain suddenly closing 50 stores

#Iconic #furniture #chain #closes #locations