Room for Rent

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The Room Store's days in Columbia may be numbered. The low priced furniture chain filed for a Chapter 11 bankruptcy in December with hopes thatthey could reemerge as a going concern.

That may no longer be the case. In April the chain exitedthe Texasmarket where it got its start by closing ten stores. Now the rest of the stores may be on thechopping block. According to this story by Gregory J. Gilligan in the RichmondTimes-Dispatch, the company has asked the bankruptcy judge “to allow thebeleaguered chain to sell its assets at an auction.”
“The stores and inventory could be sold in their entirety toa buyer that would continue running some or all of the locations, or piecemealto a variety of buyers.”
Judging by how quickly the adjacent former Borders store was back-filled, this space is not likely to be dark for very long.