• Andrea Lillo

House2Home suspends shipments

Irvine, CA — Following a steep decline in sales, House2Home has stopped shipments for several weeks while it works to balance its inventory.

"The suspension of new merchandise shipments is consistent with our ongoing attention to improve our financial position and store operations," said Herb Zarkin, chairman and ceo.

Sales at the home decorating superstores have been running approximately 25 percent to 30 percent below its levels prior to Sept. 11. The suspension of shipments came a week after the retailer announced that it has retained the services of Barrington Associates, an investment banking firm, to assist it in looking at strategic and financial alternatives.

"Barrington is continuing to explore any and all alternatives," said Michelle Feller, spokeswoman. "The field is pretty wide open."

House2Home completed its conversion from HomeBase stores in August and changed its company name in September to reflect that.

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HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!