RoomStore Files for Chapter 11 Bankruptcy Protection

furniture 150x150 RoomStore Files for Chapter 11 Bankruptcy ProtectionRoomStore Inc has filed for Chapter 11 bankruptcy protection and says it will shutter a significant number of stores.

The Richmond-based furniture retailer has 63 locations in 8 states and will continue to operate all of its stores while it completes the restructuring, according to the Washington Business Journal.

RoomStore also holds a 65 percent stake in Mattress Discounters Group and will keep its share as part of its reorganization.

Read more: http://www.bizjournals.com/washington/news/2011/12/12/roomstore-files-for-chapter-11.html

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