ROCKVILLE, MD – Scan Int’l. Inc., which operates three stores in Maryland and two in Virginia filed for bankruptcy protection in a Baltimore court, according to The Baltimore Sun. Reportedly, the company said revenue dropped 20% during the past year and it owed money to more than 200 creditors.
Papers filed by the company indicated the drop in sales was due to “the decline in the housing market and loss of business as a result of other furniture retailers ceasing operations and liquidating inventories at deep discounts.”
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