Vaughan Furniture Will Close

VaughanFurnitureGALAX, Va.-Vaughan Furniture Co., a longtime case goods producer, is closing.

In an internal memo sent to its sales force Dec. 30, the 91-year-old company said that despite extensive efforts to grow its business and return to profitability, the company had experienced declining sales and losses to its income statement.

The company confirmed that while it will honor all orders currently on file, and will continue to fill new orders as long as inventory allows, it will "cease normal operations and begin the process of liquidating the remaining inventory in an orderly manner."

The memo also assured the sales team that they will receive commissions on orders currently in the system and will continue to be paid on any new orders written as the company sells off remaining inventory.

In the memo, company President Taylor Vaughn said, "Through three generations of the Vaughan family, we have always strived to present the company and conduct ourselves with the highest levels of honesty, integrity, and respect."

Vaughn thanked his team and encouraged them to work together in order to keep those values present as it progresses through the liquidation in the coming months.

Duke RatliffDuke Ratliff | Editor-in-Chief
dratliff@hfnmag.com

Duke Ratliff, the editor-in-chief of HFN, has reported on the home furnishings industry since 1993. He oversees HFN’s print edition and online coverage of the retail industry, as well as trends in furniture and lighting, mattresses, tabletop, housewares, floor covering and textiles. He enjoys traveling to numerous domestic—and occasionally, international—trade shows. He feels that the perfect combination of a great product and a creative, attention-getting marketing plan is a thing of beauty. He lives in Westchester County, N.Y., with his wife, two children, two dogs, five chickens, two finches, three lizards and a five-foot-long corn snake.

Videos

  • Video: Color Comes on Strong at High Point Market

    Camera Icon   More Videos