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Krause Begins New Round of Store Closures

BREA, CA-The furniture retailer, which filed for bankruptcy last month, shutters more than two dozen stores across the US. Another 15 will go within the next several weeks.

By David W. Myers | Updated on August 16, 2001

BREA, CA-Krause’s Furniture Inc., the beleaguered retailer that filed for bankruptcy last month, has begun closing the first of 41 US stores it plans to shutter as part of its reorganization.

The initial round of closures includes 25 stores in California, Texas, other parts of the Southwest and in the Northwest. When the cutting is done a few months from now, 41 of the company’s 98 stores will have been closed and more than 100 Krause workers will be furloughed.

The California stores include outlets in Chula Vista, La Mesa, LA, Montclair, Palm Desert, Sacramento, Santa Clarita and Van Nuys. Other major markets that will see closures include Dallas-Ft. Worth, Houston, Atlanta, Chicago and Portland, OR.

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