Conversely, purchases made before this date can still be returned in accordance with the company's stated return policy, provided a receipt is given. Those who purchased on or after Tuesday, October 24, will not be able to return their items. Purchases made during these sales will be final. These cuts aim to prompt shoppers to quickly visit their nearest Z Gallerie outlet, as the discounted merchandise, available for a limited period, could run out. This vast array of discounted items spans from furniture and lighting fixtures to bedding and home décor. Riley Retail Solutions, DirectBuy’s retail consultant, store inventory reductions will start at up to 40% discount. These stores are set to offer a range of discounted merchandise during the closing sales, presenting customers with the opportunity to purchase home décor items at significantly slashed prices.Īs outlined by B. The San Diego location can be found in Encinitas Ranch Town Center at 1006-E El Camino Real, Encinitas. Purveyor of affordable home furnishings and décor, Z Gallerie, operates 21 stores in nine states. DirectBuy's filing for Chapter 11 bankruptcy is the catalyst for these recent developments, according to B. As a result, closing sales are now underway at all of Z Gallerie's retail locations nationwide, including the store located in San Diego County, as reported by Patch San Diego. “We definitely anticipate DirectBuy members benefiting from the Z Gallerie acquisition and vice versa,” he said.Bankruptcy protection proceedings have been initiated by DirectBuy Home Improvement, Inc., the parent company of Z Gallerie. “Through these 32 to 34 stores, we would like to be able to support our DirectBuy customers with custom projects - through special-order kitchen cabinetry and possibly flooring, custom furniture, those types of things.”Īnd it could do this possibly through one of the store-within-a-store formats DirectBuy has developed. ![]() That would be a win on both fronts.”Īsked exactly how DirectBuy might go about this, Astle said, the club’s customers have missed the face-to-dace interaction they used to receive at the former buying club locations since the wind down. ![]() Customers are taking advantage of it, and we can leverage it to continue to support DirectBuy members. ![]() “The beauty of Z Gallerie,” Astle added, “is it’s there. “With the (return on investment) we’ve seen on the Website, it hasn’t made a lot of sense to continue to invest in brick and mortar at this point. 46 on Furniture Today’s most recent Top 100 with 2018 estimated furniture, bedding and accessory sales of $175 million and 76 stores at yearend, before the filing.Ī few months ago, DirectBuy launched a new e-commerce platform that has been gaining traction and making it tough to justify the brick-and-mortar expansion, Astle said. It simultaneously announced plans to close 17 locations, but more closings are planned. Founded by the Zeiden family and later sold to an investment group, Z Gallerie filed for Chapter 11 bankruptcy in March citing a liquidity crunch and failure to invest enough in e-commerce, a costly distribution operation and store expansion that wasn’t meeting performance goals. Through its DirectBuy Home Improvement affiliate, the home furnishings buying club, backed by KKR Credit Advisors, was the winning bidder at a May auction, paying $20.3 million for the Gardena, Calif.-based retailer’s headquarters and at least 32 stores. ![]() DirectBuy, which acquired Z Gallerie assets through a bankruptcy auction this past month, will continue to operate the Top 100 company as a stand-alone business but sees an opportunity to promote its owns products and services at the brick-and-mortar stores, too.
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