Z Gallerie gift cards may be used until Nov. Shop affordable home décor and stylish, chic furniture at Z Gallerie. Returns for items purchased before Tuesday may be returned following the company's return policy with a receipt. It opened along with many of the other initial retailers in the large development at Eagle Rd. The furniture and home decor store occupied a 9,800 square foot space near Big Al’s in the south portion of the development. Returns on items purchased after Tuesday will not be accepted. Z Gallerie closed its store in the Village at Meridian in recent days. Starting discounts of up to 40% will apply across all in-store merchandise, including furniture, lighting fixtures, mirrors, wall-mounted art, frames, rugs, curtains, window panels, bedding, decorative pillows, bath towels and rugs, Shilling said.Īll purchases made during this sale event are final. Riley Retail Solutions, the retail consultant for Z Gallerie's parent company, DirectBuy Home Improvement, Inc., which recently filed for Chapter 11 bankruptcy protection. In the interim, it has received a $1.1 million line of credit to maintain operations during bankruptcy proceedings.Store closing sales have begun at the 21 Z Gallerie stores nationwide, including those in Sherman Oaks and Costa Mesa, the home furnishings retailer announced Thursday.Īll inventory across Z Gallerie stores will be marked down in connection with the closing sale event, according to Tim Shilling, executive vice president of B. While the retailer is still searching for a buyer, it warned that it would close its 21 stores and one warehouse by the end of the year in case none materializes. The company also said spiking interest and mortgage rates have led to a slowdown of the housing market, which is causing its stores and e-commerce platform to underperform, and that it owes between $50 million and $100 million to creditors. and does business as part of DirectBuy Home Improvement Inc., cited “severe liquidity constraints” stemming from the pandemic-related escalation of supply chain and import costs, according to reports. Bankruptcy Court for the District of New Jersey, Z Gallerie, which is owned by CSC Generation Holdings Inc. Nine years ago it was acquired by private equity owners. The company expects the Chapter 11 process to last approximately four months. Known as a specialty seller of upscale furnishings and décor, Z Gallerie began in 1979 as a family-owned business. Z Gallerie, a Los Angeles-based home décor retailer, has filed for Chapter 11 bankruptcy.As part of its restructuring, the retailer will close 17 of its 76 stores. This marks the third time Z Gallerie has sought bankruptcy protection, as the retailer also filed for Chapter 11 in 20. In a recent announcement, home decor chain Z Gallerie said that the company will be closing multiple locations of its furniture showrooms after filing for bankruptcy. Additionally, Z Gallerie gift cards may be used until Nov. Store Sales / Promotions, Mall Events / Photos / Movies, Dining. Hey guys Welcome Back To My Vlog Channel You guys know I couldn’t resist checking out ZGallerie’s store closing sale. 24 will not be accepted however, customers may return goods bought prior to that date if they have a receipt. A lot of the items that are on the Z Gallerie Facebook page are here in the store at 50 off. Riley, all purchases made during liquidation are final. This sale will be available for a limited time only.”Īccording to B. We encourage shoppers to visit their nearest store before merchandise sells out. Riley Retail Solutions, said, “This is a unique opportunity to buy high-end, quality home décor at deeply discounted prices. 25 press release, Tim Shilling, executive vice president of B. Riley Financial Inc., the markdowns apply to all inventory, with starting discounts of up to 40% on items including furniture, lighting fixtures, bedding, rugs and bath towels. Riley Retail Solutions LLC, a subsidiary of B. Liquidation is underway at nearly two dozen Z Gallerie stores – including its one New Jersey location in Paramus – after the California-based home furnishings and décor chain went bankrupt for a third time.
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