![]() ![]() Customers are taking advantage of it, and we can leverage it to continue to support DirectBuy members. “The beauty of Z Gallerie,” Astle added, “is it’s there. “With the (return on investment) we’ve seen on the Website, it hasn’t made a lot of sense to continue to invest in brick and mortar at this point. Furniture Today is an HTT sister publication.Ī few months ago, DirectBuy launched a new e-commerce platform that’s gaining traction and making it tough to justify the brick-and-mortar expansion, Astle said. 46 on Furniture Today’s most recent Top 100 with 2018 estimated furniture, bedding and accessory sales of $175 million and 76 stores at yearend, before the filing. Founded by the Zeiden family and later sold to an investment group, Z Gallerie filed for Chapter 11 bankruptcy in March citing a liquidity crunch and failure to invest enough in e-commerce, as well as a costly distribution operation and store expansion that missed goals.ĭirectBuy also announced plans to close 17 Z Gallerie locations, but more closings are planned. Through its DirectBuy Home Improvement affiliate, the home furnishings buying club, backed by KKR Credit Advisors, was the winning bidder at a May auction, paying $20.3 million for the Gardena, Calif.-based retailer’s headquarters and at least 32 stores. ![]() DirectBuy, which acquired Z Gallerie assets through a bankruptcy auction, will continue to operate the company as a stand-alone business but sees an opportunity to promote its products and services at the brick-and-mortar stores. ![]()
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