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Home > Company Index > Retail > Home Furnishing & Housewares Retailing > HomeLife Furniture Corporation

HomeLife Furniture Corporation
 PROFILE
Suddenly single, HomeLife Furniture had to give up the furniture. Furniture retailer HomeLife was sold by Sears, Roebuck and Co. in early 1999 after nearly a decade of disappointing sales. HomeLife, which had about 130 stores and about ten outlet shops, sold traditional-style furniture as well as rugs, lamps, art, mattresses, and home office furniture. The company had stores in 26 states and Puerto Rico; its core markets included Boston, Chicago, Philadelphia, San Francisco, and Seattle. Sears kept a 19% stake in HomeLife; investors led by Citicorp Venture Capital owned the rest. In July 2001 HomeLife closed its stores, fired its employees, and filed for Chapter 11 bankruptcy protection.

 COMPETITION
Federated Department Stores, Inc. (FD)
J. C. Penney Company, Inc. (JCP)
Levitz Furniture Incorporated (LVFIQ)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 680.00
1-Yr. Sales Growth: (7.5)%
Employees: 2,700
Revenue per employee: $251,851.85

 KEY PEOPLE
• Joseph M. Baron
    CEO
• Pat Regan
    CFO

 CONTACT INFO
5550 Prairie Stone Pkwy., Ste.400
Hoffman Estates, IL 60192
US
Phone: 847-649-7000
Fax: 847-645-9890
Online: Web Site

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