ASHEBORO, N.C. – Klaussner Home Furnishings has closed effective immediately, Furniture Today has learned.=
In a notice posted to the company website Klaussner stated:
“Klaussner’s lending source has unexpectedly refused to continue to fund the Company’s operations. This outcome was not reasonably foreseeable, but due to these unexpected circumstances, Klaussner can no longer sustain its operations. As a result, Klaussner has made the difficult decision to permanently cease operations and is providing as much notice as possible.
Klaussner anticipates closing all of its facilities entirely, and that process is underway as of today, August 7, 2023.”
According to multiple sources in the industry the company had been challenged recently to maintain current payments with key suppliers and had difficulty receiving goods.
Calls and e-mails to Klaussner officials have not been returned at this writing.