Not feeling the Loves: Customers, #community reacts to #retailer’s fall | #ESC_LLC #COVID19 | #DETROIT — Roughly six months after opening its first store, Loves Furniture and Mattresses has filed for Chapter 11 bankruptcy reorganization, leaving consumers and employees to figure out what’s next and how to get their money back (Adelaide Elliott) https://wp.me/p97JNV-1p6
Citing “significant and unforeseen warehouse and delivery issues, unplanned expenses, supply chain issues and delayed store openings,” the company filed for protection Jan. 6.
“The pandemic has wrought a variety of ills upon retailers in Ohio. There’s no denying that unless society goes back to work, the outcome looks dire,” says John Larkin, Senior Partner with ESC of Greater Ohio. “It is our sincere hope that this pandemic will end soon so Ohioans, and Americans at large, can resume their normal lives.”
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