LOS ANGELES — Z Gallerie, which recently filed for Chapter 11 bankruptcy protection for the third time, has begun marking down its merchandise and closing its stores.
The contemporary furniture and home furnishings retailer engaged B. Riley Retail Solutions as its retail consultant to conduct the closing sales across the company’s 21 stores. All inventory, which includes furniture, lighting, home décor and bedding, is being marked down — starting at 40% — in connection with the event.
The retailer, which is owned by CSC Generation Holdings Inc., and does business as part of DirectBuy Home Improvement Inc., filed for bankruptcy in the U.S. Bankruptcy Court in the District of New Jersey last week. CSC bought DirectBuy/ZGallerie out of bankruptcy in July 2019 for $20.3 million.
The limited-time event covers stores in nine states. Z Gallerie currently has five stores in California; seven in Florida; three in Texas; and one each Atlanta, suburban Chicago, Las Vegas, Maryland, New York and New Jersey.
“This is a unique opportunity to buy high-end, quality home décor at deeply discounted prices,” said Tim Shilling, executive vice president of B. Riley Retail Solutions.
Sales are final, although consumers who purchased Z Gallerie merchandise before Oct. 24 can still make returns with a receipt. The company is honoring Z Gallerie gift cards through Nov. 15.