Wood-Armfield begins last sale. Check it out:
(High Point Enterprise (NC) (KRT) Via Thomson Dialog NewsEdge) Sep. 22--HIGH POINT -- Wood-Armfield Home Furnishings opened its doors for the first time in months Thursday as it launched its high-impact going-out-of business sale.
"It's bittersweet," said Peggy Marram, event manager. "The customers are excited. They were so happy to see the doors open again."
Wood-Armfield's parent company, Utility Craft Inc., filed for Chapter 11 bankruptcy in July after 67 years in High Point.
The company reported assets of $3.9 million and liabilities of $11.6 million. Approximately 1,500 customers had unfulfilled orders at that time. The sale, which started at Wood-Armfield at 460 S. Main St. on Thursday and will last no more than 180 days, involves $3 million of inventory.
"We're selling inventory purchased for this sale," Marram said. "A lot of it is 'one-onlys.'" The vast five-floor, 160,000-square-foot building is filled with dining room and bedroom furniture, rugs, mattresses and artwork -- all on sale at different price points. Notable brands are Broyhill, Bernhardt, Hickory Chair, Hooker, Pennsylvania House and Stanley.
"I actually just came to look, to browse," said Carolyne Burgman of Greensboro. "I'm looking for several pieces to finish off a family room in my house."
Burgman was eyeing a two-person Charleston Forge table Thursday morning. She said she had ordered a sofa, loveseat and recliner from Wood-Armfield earlier this year but canceled the order just before the company filed for bankruptcy.
"I got my deposit back," she said. "I don't have any hard feelings."
Customers trickled in as the day progressed, some browsing while others knew exactly what they were looking for.
"I enjoy just coming and looking," said Maxine Hiatt of High Point, who is a repeat customer of Wood-Armfield. "There's a lot of odds and ends you have to have, and you don't know it until you see it."
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Copyright (c) 2006, High Point Enterprise, N.C.
Distributed by McClatchy-Tribune Business News.
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