Regional home goods chain’s bankruptcy leaves vendors holding the bag
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Altmeyer Home Stores filed for Chapter 7 bankruptcy on July 11.
Uniontown, Pa. – Its most recent new store relocation took place just months ago. And now, after more than eight decades, the end has come.
Altmeyer Home Stores filed for Chapter 7 on July 11 in the Bankruptcy Court for the Western District of Pennsylvania and will liquidate. In its filing, the 81-year-old, family-owned business operated 11 stores focused on bedding, window, kitchen accessories and rugs. Several stores closed immediately, according to a report in the Tribune-Democrat newspaper in Johnstown, Pa. The retailer’s web site, bedbathhome.com, is still up but inoperable.
Altmeyer’s online site is still live but inoperable.
After any administrative expenses are paid, no funds will be available to unsecured creditors, the 11-unit retailer noted in its bankruptcy filing.
Rather than a ranking of top creditors listed by amount of money owed, the filing identified creditors to be notified of the bankruptcy.
CIT Commercial Services, the factoring firm, appears on behalf of Kassatex, Lintex Linens/Cobra Trading and Stylemaster. Milberg Factors appears on behalf of Arlee, Garland Carpet & Rugs and Lichtenburg.
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Additional supplier creditors include:
A.C. Ellis/Ellis Curtain
A-Line Greetings
Achim Importing Co.
Adorable Pillows Mfg.
Beatrice Home Fashions
Bed Bath Fashions Inc.
Better Home Plastics Corp.
Biddeford Blankets
Broder Mfg.
Candle Warmers
Carnation Home Fashions
Carson Home Accents
Commonwealth Home Fashions
Commonwealth Soap & Toiletries
Creatively Designed Products
Designer Greetings
Direct International Inc.
Empire Candle Company
Heritage Lace
Highland Woodcrafters (Counter Art)
Irvine’s Tinware
John Ritzenthaler Co.
Kay Dee Designs
Kenney Manufacturing Co.
Klear-Vu Corporation
Lafayette Interior Fashions
Marco International
Mayrich Company
Maytex Mills
Mohawk Factoring/Mohwak Industries
Ontel Products Corporation
Popular Bath Products
Ralph Friedland & Bros./Friedland Shades
Regent Products Corp.
Ricardo Trading
Riviera Textile Corp.
Rosenthal & Rosenthal Inc. – Telebrands
Safdie International
Saturday Knight Ltd.
Special T Imports
Springs Window Fashions
The Naked Bee
Versailles Home Fashions
The creditors’ list also included real estate firms, local utilities, financial services and other third-party contractors.
The assortment at Altmeyer was focused on key home categories.
The company estimated its liabilities at between $100,000 and $500,000. President Robert C. Altmeyer – the fourth generation to head the business – told the Pittsburgh Gazette that online competition, sourcing problems and inflation were too much to overcome.
“It is with extreme sadness and disappointment that Altmeyer’s has been forced to liquidate its operations after serving as a reliable source of linens and home goods to several western Pennsylvania communities over the past eight decades,” he said in a statement.
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