The Richmond-based chain announced today it will close 302
Nationwide, 4,000 jobs will be cut.
The troubled retailer has been having problems with its
In recent weeks, many of Heilig-Meyers' furniture suppliers
either stopped shipping products to the company or required the
company to pay cash.
The bankruptcy protection will enable Heilig-Meyers to reduce
overhead and focus on operations that have been most profitable.
Heilig-Meyers was founded in 1913 in Goldsboro, North Carolina.
It grew to a chain of more than 1,200 stores at its high point
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