A Michigan-based furniture retailer, which has several stores in Indiana, announced this week it is closing its doors after 60 years in business. Liquidation sales began on Friday at the company’s 176 stores, including 10 in Indiana.
An unknown number of employees will lose their jobs.
AVF Holdings Inc., the owner of Art Van Furniture, Art Van PureSleep and Scott Shuptrine Interiors, said the furniture industry is struggling, like many brick and mortar stores.
“Despite our best efforts to remain open, the Company’s brands and operating performance have been hit hard by a challenging retail environment,” said Diane Charles, Art Van Furniture spokesperson. “We recognize the extraordinary retail, community and philanthropic legacies that Art Van Furniture has built for decades in the community.”
Art Van Elslander opened his first furniture store in metro Detroit in 1959. It grew to be one of the biggest furniture and mattress retailers in the Midwest.
A Boston-based private-equity firm purchased a majority stake in Art Van in 2017 from the Van Elslander family.