Liquidations


Wednesday, February 20th, 2013

Greenbaum’s event being handled by PFP

Author: Planned Furniture Promotions

As Reported at Northjersey.com:

A high-end, heirloom-quality furniture manufacturer and seller that has called Paterson home for more than 60 years — whose clients include actors, kings and billionaires — is closing its massive showroom in the city’s downtown to open one closer to customers in Bergen County.

Jimmy Greenbaum and daughter Susan Greenbaum Gross, owners of Greenbaum Interiors. A 30,000-square-foot factory will remain in Paterson after the family closes its showroom.

VIOREL FLORESCU / STAFF PHOTOGRAPHER
Jimmy Greenbaum and daughter Susan Greenbaum Gross, owners of Greenbaum Interiors. A 30,000-square-foot factory will remain in Paterson after the family closes its showroom.

The decision by Greenbaum Interiors to shutter its 100,000-square-foot showroom, while leaving a company-owned, 30,000-square-foot factory in Paterson, is the latest blow to the state’s third-most populous city, dramatically diminishing the presence of a high-profile business that draws customers from North Jersey and New York State.

Greenbaum Interiors notified customers of its plans by mail last week and email this week, touting a sale that will slash prices by up to 65 percent to reduce its inventory enough to fit into a smaller showroom in Bergen County.

“If people won’t come here, there is nothing I can say or do to make them come,” said Susan Greenbaum Gross, president of Greenbaum Interiors. “We have to be close to our customers.”

No Bergen property has yet been identified. But the company, which has 55 employees, is looking for a 10,000-square-foot to 14,000-square-foot space at the northern end of Route 17 to house a showroom expected to open in the fall with 15 employees.

That would leave 35 workers and a 5,000-square-foot showroom in the Paterson factory, which will sell furniture. Greenbaum Interiors also has a 7,500-square-foot showroom with five employees in Morristown.

The company’s wealthy clients have included actor Eddie Murphy, who bought for his homes in Englewood and California; King Hussein of Jordan; and a Russian billionaire, whom the company declined to identify and who bought an entire houseful of furniture that was shipped to Russia.

Mayor Jeffery Jones said the Greenbaum family briefed him two weeks ago on its plan to close the Paterson showroom, but did not mention moving to Bergen County.

“It’s a big loss,” Jones said, though he noted that the company will retain a significant presence in the city.

“The clientele doesn’t come from Paterson, but the workers do,” he said. “The labor, the work, the storage, the repair — all that stays in our city.”

See the balance of the article, CLICK HERE

Saturday, November 19th, 2011

Former PFP clients… Rosa’s Bounce Back After Bankruptcy (excerpt from “The Buffalo News”)

Author: Planned Furniture Promotions

The three sons of the founder of the defunct Rosa’s Home Stores chain have opened stores selling furniture and bedding in two former Rosa’s locations in the Town of Tonawanda and Cheektowaga.
The sons, with the support of their father, opened Home Furniture Gallery outlets late last month on Sheridan Drive and this month on Union Road. The sons all held positions with Rosa’s Home Stores, which left more than 1,000 creditors when it filed for bankruptcy last December, but the Rosas say Home Furniture Gallery is an entirely separate enterprise. “It’s a brand-new business — it’s brand new,” said Paul F. Rosa, the founder of Rosa’s Home Stores who serves as chairman of Home Furniture Gallery.
The new stores promote a 30-day, money-back guarantee and offer customers the transparent choice of different levels of quality at a range of prices.
One main distinction between the old and new stores is Home Furniture Gallery isn’t selling electronics or appliances.
“There’s unprecedented pressure on profit margins for both appliances as well as consumer electronics,” said Burt P. Flickinger III, a Buffalo native and managing director of Strategic Resource Group, the retail consulting firm. Sons Paul M., David and Anthony Rosa say they are confident they can take on the local and national chains in what is a highly competitive furniture and bedding market.
They have opted not to use the Rosa’s name on the company, or in its advertising, but analysts believe their experience and reputation only can help them.
“They have a proven track record as a retailer,” said Michael C. Clark, CB Richard Ellis’ director of retail tenant services. The Home Furniture Gallery stores opened in former Rosa’s locations at 2880 Sheridan Drive, at Eggert Road, and at 3770 Union Road, near the Walden Galleria. David Rosa said the brothers oversaw modest renovations to the two stores, including knocking down some walls, putting on a fresh coat of paint and cleaning the carpets. The brothers all are vice presidents, with David serving as chief financial officer, Paul M. responsible for operations and Anthony overseeing sales.
Once they fill a few remaining open positions, the company will employ 50 workers, including a number who worked for Rosa’s Home Stores.
Tuesday, November 16th, 2010

BANNON REJOINS PLANNED FURNITURE PROMOTIONS

Author: Planned Furniture Promotions

Will Resume Role with Executive Team

ENFIELD, CTPlanned Furniture Promotions, Inc. (PFP) welcomes back Mark Bannon as Sr. Vice President of Sales.

Bannon rejoins PFP’s executive team, which includes industry veterans Roy Hester, Sr. Vice President, Sales; Burt Homonoff, Sr. Vice President, Merchandising & Operations; and Tom Liddell, Sr. Vice President Sales and Marketing. Resuming his role as Sr. Vice President, Sales, Bannon will work with the executive team as well as Regional Managers Andrew Winans and Eric Rowles to coordinate details for client events.

With over 35 years of experience in the sale promotion and retail furniture business nationwide, Bannon’s responsibility includes interfacing with PFP clients and formulating marketing plans for retail client promotional events.

“Mark’s substantial experience and long history of producing successful results is widely recognized in the industry and is why he is regarded as such a valuable member of our team,” says Gene Rosenberg, co-owner, Planned Furniture Promotions. “We can count on Mark to deliver his essential expertise, energy and passion to every project and retail event which will prove highly beneficial to our clients.”

 PFP is a leading specialist in conducting high impact, promotional furniture retail sales, having partnered with clients on major furniture liquidation sales in the U.S., including those for Levitz, Wickes, Huffman Koos and Rhodes. The company is also responsible for developing and executing record breaking events for independent retailers Oskar Huber in Pa. and N.J.; Michael’s, Boise; Direct Furniture, Clarksville; along with premium stores such as Kornmeyers, Baton Rouge; Porter’s, Racine and Gabbert’s events in TX.

Tuesday, April 27th, 2010

Haynes Brothers Furniture

Author: Planned Furniture Promotions

I would highly recommend your services and would be willing to discuss with your potential clients the outstanding service you have provided to Haynes Brothers Furniture.

Please extend a sincere message of thanks and gratitude to your staff on behalf of the efforts put forth during the Haynes Brothers sale. It has been a pleasure working with you. I wish to extend my best wishes for the continued success of your organization.

Haynes Brothers Furniture
Daytona Beach, FL
Arlington Haynes, President