Pittsburgh-area retailer Altmeyer’s has filed for bankruptcy after eight decades of supplying home goods in the region, the Pittsburgh Post-Gazette reported. Robert Altmeyer, the fourth in a line of Altmeyers to run the family business, filed chapter 7 bankruptcy paperwork yesterday with the U.S. Bankruptcy Court for the Western District of Pennsylvania. The company has been selling bedding, bath and kitchen items, holiday merchandise and other household products in the Pittsburgh area since the 1940s. “It is with extreme sadness and disappointment that Altmeyer’s has been forced to liquidate its operations after serving as a reliable source of linens and home goods to several western Pennsylvania communities over the past eight decades,” Altmeyer said in a statement. Altmeyer said that several factors led to the decision, including tough competition from e-commerce, sourcing issues and inflation. He said that expecting these trends to reverse enough to restore profitability to the business “wasn’t realistic.” Filings show 125 creditors and estimated liabilities between $100,001 and $500,000. Mr. Altmeyer said he plans to distribute revenues from store liquidation to creditors.
