Major furniture company shuts Canada plant, moves to U.S. factory
A Canadian supplier of ready-to-assemble furniture, which is sold at major retailers, such as Target, Walmart, Home Depot, and Lowes, has shut down its original manufacturing facility.
The furniture retail sector has faced financial distress over the last year, forcing several companies to close stores, shutter manufacturing facilities, and in some cases, file for bankruptcy.
Among the furniture retailers filing for bankruptcy last year was the parent of Texas mattress chain Factory Mattress, which operated 21 locations in the Austin and San Antonio areas.
