Here’s What’s Actually Happening to Mealey’s Furniture Stores
We’ve started to see ads that indicated that Mealey’s Furniture stores would be shutting down. We told you last week that the chain was “going out business,” but now we’ve learned that is only partially true.
At least some of the Mealey’s stores are likely to re-open under the brand identity of their parent company, Regency Furniture. Mealey’s Furniture has was acquired by the Maryland-based furniture retailer, Regency Furniture, back in 2016.
Regency tells Furniture Today that they are “restructuring and streamlining” their business, and the Maryland-based retailer plans on growing the Regency brand along the “Eastern seaboard.”
As a result, they plan on covering some of the stores to the Regency brand in the first quarter of 2020, FuritnureToday.com reports.
Regency President Mark Stuart told the website that they have yet to decide how many of the Mealey’s stores will re-open as Regency.
Mealey’s operates stores in Bensalem, Oxford Valley, Moorestown, Warminster, and Philadelphia. They also operate a bargain warehouse Morrisville, which is open one weekend a month.
The liquidation sales at Mealey’s is expected to last through about mid-December, Stuart told FurnitureToday.com. It's not clear if Regency will retain the existing employees at the Mealey's stores.
Mealey's Furniture was founded in 1970 by Jerry Mealey. Mealey's had been held by a private equity firm in recent years before being acquired by the Maryland-based furniture retailer, Regency, in the fall of 2016.