Loves Furniture will close 13 stores, including 10 in Michigan
Loves Furniture will close 13 of its locations, including 10 in Michigan, under a consolidation plan.
“We’ve got stores literally five miles apart,” company CEO Mack Peters said Tuesday. “With the global pandemic going on and the furniture shortage, we’re having a problem getting goods for our stores to stock all our stores and take care of our customers. We’re reducing our footprint of the number of stores to better serve our customers in the Detroit area.”
The consolidation comes about four months after the Warren-based retailer opened its first Michigan store in former Art Van locations. Art Van's private equity firm, Dallas-based U.S. Assets, acquired the assets of Art Van Furniture when it shuttered its doors in March after more than 60 years in business.