Rose Furniture Staying Open
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In October, Rose Furniture had announced it was closing, and about 150 of 250 employees were laid off or resigned. On Monday, however, the company told the remaining workers they’d be keeping their jobs.
Those remaining workers had spent the last several months overseeing a massive going-out-of-business sale in hopes of unloading all unsold inventory.
According to Buck Kester, the company’s president, the success of the closeout sales enabled Rose Furniture to keep its doors open long enough to come up with a new business model and some new investors.
Kester said he was surprised by the change in fortune.
“I’m very excited about the future, and our new business model is an exciting model for not only High Point, but for the furniture industry in general,” he said, indicating that if all goes well, more details could be revealed — and more workers hired — this summer.
High Point Mayor Becky Smothers said the announcement was good news for the city, the company and Rose Furniture employees.
“I’m just real proud that they were able to work through this situation and garner the type of investment opportunities that have come along,” she said. “It’s a great day.”
