The news was revealed on November by the St. Louis-based retailer. 15. To handle the liquidation and closing-out sales, it is collaborating with Planned Furniture Promotions. It will shut down its five St. St. Louis region, two in Indianapolis, and one in Springfield, Missouri., store. The closeout events don’t have a set date, but PFP officials anticipate that sales will start in January.
“25 years of serving the St. Springfield, Missouri, the St. Louis region, and Indianapolis., we are so grateful for the many team members who worked with us and the customers we have been fortunate to serve,” said Phillips.
About 400 people work for Weekends Only, and the majority of them stay on during the liquidation sales. All current orders will be filled, the store management emphasized.
The family-run retailer was first known as Phillips Mercantile when it opened its doors in 1937. The Weekends Only concept of large showrooms, typically 40,000 to 50,000 square feet, being open only on Friday, Saturday, and Sunday was introduced by Tom and Dave Phillips in 1997. Since 2014, it has offered seven-day online sales, and in 2021, e-commerce accounted for 14% of its total sales.
The retailer’s most recent president and CEO, Lane Hamm, resigned from his position with Weekends Only in August. Since August 2007, he had worked for the Top 100 retailer.
Phillips, 70, said he is looking forward to retiring so he can spend more time with his wife Peggy, his family, his grandchildren, and his friends.
“We cherish the many friends we have made in the industry over the years,” he said. “Over the past few years, there has been a great deal of change in our industry, and given the numerous difficulties retailers face, it is now appropriate to retire and commemorate our career achievements.”
Weekends Only took first place. 88 in With sales of $74 million across eight stores, Furniture Today’s 2022 Top 100.
Source: https://www.furnituretoday.com/store-closings/top-100-retailer-weekends-only-going-out-of-business/
