ST. LOUIS – Furniture Brands International announced that it will close the four company-owned Broyhill stores and the four company-owned Lane stores in the St. Louis metropolitan area by the end of the year. This will include the closing of Broyhill and Lane stores in O’Fallon, Manchester and Brentwood, MO; as well as O’Fallon, IL.
Ralph Scozzafava, vice-chairman of the board and CEO designate of Furniture Brands, said, “As part of our recently-announced strategic plan, Furniture Brands will realign its retail distribution system. Thomasville and Drexel Heritage will focus on expansion of their network of company-owned and dealer-owned singled-branded stores. Broyhill and Lane, on the other hand, will focus distribution in traditional furniture retailers and mass merchants. The store closings today are in furtherance of that strategy.”
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