LA furniture chain Dearden’s will close its doors

Retailer will shutter all eight stores and Rancho Cucamonga warehouse

Jun.June 02, 2017 04:00 PM
Dearden’s at 700 S. Main Street (Google Maps)

“Another One Bites the Dust” seems to be the retail theme song these days.

Furniture chain Dearden’s announced Thursday that it will shutter its eight stores throughout Southern California, as well as its warehouse in Rancho Cucamonga, as it winds down its operations entirely.

The Downtown Los Angeles-based chain was founded in 1909 and is said to be one of Southern California’s oldest businesses, the Los Angeles Times reported.

It has locations in Downtown L.A., Commerce, Huntington Park, La Puente, Chino, Anaheim, Santa Ana and Van Nuys.

The stores are expected to close by early August, displacing 420 employees, according to the L.A. Times.

Ronny Bensimon, Dearden’s CEO, cited mounting competition from online retailers like Amazon as a driving factor to its closure.

“Like other retailers, we fell victim to changing consumer trends,” Bensimon said in a statement. “And although we tried to fight it, closing our business became our only recourse.”

The announcement follows on the heels of fashion label Michael Kors announcing its plan to shutter up to 125 stores. [LAT]Subrina Hudson

Related Articles

Space Investment Partners co-founders Mark Moshayedi and Ryan Gallagher with Westport Plaza (Credit: Connect California)

Playing small mall: New firm picks up shopping center in Costa Mesa

DH Holdings founder David Horenstein and Conejo Gateway

Local firm plans to expand Thousand Oaks retail plaza after $18M purchase

Hollywood & Highland, Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller

CIM Group sells Hollywood & Highland mega-complex for $325M: sources

Rick Edwards, partner at Seagrove Property Group and the property

Foreign investor drops $13.7M on fully leased shopping center in San Gabriel Valley

Fabio Conti and the retail centers (Credit: Facebook)

Real estate’s on the menu for Fabio Conti, as restaurateur buys 2 retail centers

Sterling Organization CEO Brian Kosoy and the two Melrose Avenue properties

Sterling Organization buys retail portfolio along booming Melrose Avenue

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village