Rhodes Furniture -Another Troubled HSBC Merchant Gone
CHICAGO–(BUSINESS WIRE)–Aug. 12, 2005–Great American Group, one of the nation’s premier asset management firms, will commence store-closing sales for Atlanta-based Rhodes, Inc. Rhodes operates home furnishing showrooms under the names John M. Smyth’s Homemakers and Rhodes Furniture. A total of 14 stores (John M. Smyth’s Homemakers, 6 stores; Rhodes Furniture, 8 stores) will be closed in Louisville, Kentucky; St. Louis, Missouri; and surrounding Chicago, Illinois locations. Separately, the remaining Rhodes locations will be purchased by Great American Group and Rhodes Acquisition, LLC (a company formed by Rooms To Go, Inc - the leading furniture retailer in the United States).
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