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HIGH POINT – This week delivered the news that Klaussner Home Furnishings was shuttering its operations after 60 years. The iconic Asheboro, N.C., company at one time touted sales in excess of $500 million and operated 11 factories across North Carolina, Iowa and California.
According to WARN Act notice filed with the N.C. Department of Commerce, the company had dwindled to seven facilities and 884 employees. Furniture Today estimated the company’s 2020 sales at $270 million.
Here’s a look back at the Klaussner news stories from this week.
- Klaussner to cease operations. Furniture Today first broke the news Monday after Klaussner posted a message on its homepage.
- In Retailers react to Klaussner’s sudden shutdown, the company’s dealers shared how the closure will impact merchandising strategies, as well as the chatter they heard prior to the official news.
- The rise and fall of a $500M company: A look at Klaussner’s shutdown provided a look back through the company’s history, including two sales in six years.
- Workers were caught off guard by the closure and one shared insight in Employee says shutdown contradicted Klaussner’s message to workers that ‘things are going good’.
- What does the WARN Act filing tell us about the Klaussner shutdown? The company filed its required WARN notice the same day it published the news on its website.
- A longtime regional vice president who worked for the company for 38 years told his story in Ex-Klaussner employee: ‘I have given the company everything I had’
- Companies throughout the Asheboro are hungry for employees. In our story Open to hire: Companies eager to pick up employees after Klaussner shutdown we talked to a few.
- A former employee in the Klaussner Asheboro headquarters, along with others, has filed a class action lawsuit alleging the company violated the federal WARN Act. Read Did Klaussner violate the WARN Act with shutdown? Employee lawsuit says yes for the details.
