Winchester
Heilig-Meyers
TypePrivate
IndustryRetail
FateChapter 11 bankruptcy
Founded1913
Defunct2000 (emerged from bankruptcy as RoomStore in 2005)
HeadquartersRichmond, Virginia
ProductsFurniture, bedding, small appliances, consumer electronics, jewelry, and seasonal goods.
WebsiteNone

Heilig-Meyers was a retail furniture store chain founded in Goldsboro, North Carolina, in 1913 by two Lithuanian immigrants, W. A. Heilig and J. M. Meyers. Its corporate headquarters was in Richmond, Virginia. The chain grew to become the largest furniture retailer in the United States in the 1990s, ultimately having over 1,000 stores nationwide (including Puerto Rico).[citation needed]

May 01, 2020 SALISBURY — A truck driver who allegedly drove a Food Lion tractor-trailer through an intersection at Heilig and Faith roads, was impaired, said N.C. State Highway Patrol Sgt. If your driver's license or state-issued ID expired on or after March 1, 2020, and you are unable to renew at your state driver’s license agency, you may still use it as acceptable identification at the checkpoint. TSA will accept expired driver’s licenses or state-issued ID a year after expiration. SALISBURY — A truck driver who allegedly drove a Food Lion tractor-trailer through an intersection at Heilig and Faith roads, was impaired, said N.C. State Highway Patrol Sgt. Drivers Support Call our Toll-free support number on 1-833-253-2740 Customer support is offered free to our customers. If requesting support via our toll-free phone additional products or services may be offered. 90 records for James Heilig. Find James Heilig's phone number, address, and email on Spokeo, the leading online directory for contact information.

Its over-expansion—by purchasing over 100 McMahan's Furniture stores based in Carlsbad, California, in 1993, as well as other stores and chains in the West—contributed to its failure. The company also bought the L. Fish furniture chain in the Chicago area; those stores were closed in 1999.[1]

Heilig-Meyers filed for Chapter 11 bankruptcy on August 17, 2000,'[2] and subsequently announced the liquidation of its inventory.[3] The Richmond Times-Dispatch reported in 2000 that the company failed when its large expansion did not succeed in creating sufficient revenue and when customers who had previously used the company's in-house credit began using credit cards instead. The company's credit customers had grown increasingly weary of lower quality.[4] All of its stores were closed at the end of the year, except for its RoomStore-branded locations, which remained open. In 2005, RoomStore, the only part of Heilig-Meyers remaining, emerged from Chapter 11 bankruptcy after receiving $35,000,000 to pay off its debts;[5] RoomStore would be liquidated seven years later.

The company, which had sponsored NASCAR Winston Cup drivers Bobby Hillin, Jr., Dick Trickle and Mike Wallace, was one of the last furniture companies to finance its own accounts. The last CEO/President was Bill DeRusha.

Drivers Heilig & Schwab Gmbh & C0. Kg

References[edit]

  1. ^'Heilig Meyers going out of business sale commercial 1999'. YouTube.
  2. ^'Heilig-Meyers files for Chapter 11 bankruptcy'. Baltimore Sun. Bloomberg News. August 17, 2000. Retrieved 2019-09-02.
  3. ^'Fraud Trial to Focus on Accounting at Heilig-Meyers'. The New York Times, Lynnley Browning, October 27, 2008.
  4. ^'The Ghost of Credit Past: The Specter of the Heilig-Meyers Fiasco Haunts Today's Failed Lenders'. The Finance Professionals Post, 07/08/2010.
  5. ^Room Store emerges from bankruptcy protection - Washington Business Journal:

Drivers Heilig In Winchester


Drivers Heilig & Schwab Gmbh & C0. Kgo

Drivers

Drivers Heilig Grand Rapids Mi

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Heilig-Meyers&oldid=971222227'