Longtime Chicago-based furniture chain The RoomPlace has announced the closures of eight stores, including six locations in the Indianapolis area, as it seeks Chapter 11 bankruptcy protections.
In a news release late Friday night, the more than 100-year-old company announced a restructuring plan that includes shuttering stores in Peoria, Illinois, Kenosha, Wisconsin and six in central Indiana. The company said the restructuring, which will utilize protections of a Chapter 11 bankruptcy filing, will align costs with "projected sales and economic realities."
The move, CEO Bruce Berman said, will allow The RoomPlace to refocus on strengthening its 18 Chicago-area stores, which will remain open under regular hours.
“We are determined to become better and stronger in Chicagoland by continuing to offer consumers the largest selection of stylish brands at the market’s best prices,” Berman said in the release.
As of Sunday afternoon, the Kenosha, Peoria and Indianapolis-area locations remained open and were still accepting orders. Customers who make a purchase until Planned Furniture Promotions, the company contracted for store closing sales, takes over will receive their orders, according to a spokesperson.
A specific date for store closing sales hasn't been announced.
The following stores are included in the closures:
Illinois
2200 W. War Memorial Dr. - Peoria
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly Chicago Catch-Up newsletter here.
Indiana
14640 Greyhound Plaza - Carmel
5651 E. 86th St. - Indianapolis
7609 Shelby St. - Indianapolis
8401 Michigan Rd. - Indianapolis
8301 E. Washington St. - Indianapolis
2575 E. Main St. Suite 198 - Plainfield
Wisconsin
7014B Green Bay Rd. - Kenosha
