RoomStore Strikes Deals to Liquidate Remaining Stores

RoomStore Inc. won court permission to launch going-out-of-business sales at its remaining stores, marking the official end of the 20-year-old furniture chain, Dow Jones reported today. Bankruptcy Judge Douglas O. Tice Jr. on Thursday signed off on deals RoomStore struck with two winners of its Tuesday auction.
A group that includes Hilco Merchant Resources LLC, SB Capital Group LLC , Planned Furniture Promotions Inc. and Tiger Capital Group LLC is set to conduct going-out-of-business sales at 20 RoomStore locations in Virginia and Maryland.