Latest news with #TreesnTrends
Daily Mail
03-07-2025
- Business
- Daily Mail
Trees n Trends to close all stores after 30 years in business
Trees n Trends is the latest retailer to become a fatal victim of the retail apocalypse . The Wallace family announced the chain will officially be going out of business in a Facebook post on June 28. The owners opened the first gifts and home décor store in 1992 and currently operate six locations in Arkansas, Kentucky, Missouri, and Tennessee. Now that each location will shutter, the stores are undergoing liquidation sales full of items available for 25 to 50 percent off. The chain also adjusted its store hours, opening Monday through Saturday from 10:00 am to 6:00 pm and closing on Sundays. A member of the Wallace family explained more details in a video to saddened customers , and confirmed the stores will be closed once there's nothing left to sell. All sales are final, and the stores will only be accepting cash or card payment methods. Although the stores will be shuttering, new merchandise will be arriving in stores this week, including seasonal items. Trees n Trends is famous for offering various product categories such as furniture, home décor, accessories, and women's clothing. The business had been operating under the name Silk Tree Factory before the Wallace family opted to change the business name. During the early years, Trees n Trends' product line mainly consisted of bushes, stems, greenery, wreaths, and trees manufactured by drilling and potting. Since the closure news leaked, social media users have been sharing their memories of visiting or working at one of its locations. 'So sad, I have shopped there since it opened its doors as Silk Tree Factory. You will be missed, no other store comes close to being as nice as this store!!,' a Facebook user wrote. 'I learned so so much from Joe and all the leaders. I hold a special place in my heart for this company,' a former employee responded. 'It's unfortunate that the store won't be carrying on for future generations but while the good run lasted, we were blessed to have a wholesome store family operated by Grace... Sad to see it go,' another person commented. It's unclear what the family plans to do next, but they praised its loyal customers, workers and the 'hand of God' for helping them be successful for three decades. Trees n Trends is one of the rare retailers to always be a family-owned business before store closures. Joann started as a family-owned chain before it became public and acquired by Leonard Green & Partners. The later went from a craft empire, to a chain that fell from grace, closing all its locations after its second bankruptcy filing in two years. Badcock Home Furniture & More was a family-owned chain founded in 1904 before it was acquired by Franchise Group Inc. in 2021. By July 2024, the company filed for bankruptcy with over $1 billion in debt, and shuttered its remaining 380 stores soon afterward . Some stores have opted to perform mass closures and bankruptcy filings due to issues of adjusting to tariffs, including At Home, a HomeGoods rival that started shuttering stores before filing for bankruptcy protection in June .
Daily Mail
03-07-2025
- Business
- Daily Mail
Beloved family-owned home decor chain decides to close all stores after 30 years in business
Trees n Trends is the latest retailer to become a fatal victim of the retail apocalypse. The Wallace family announced the chain will officially be going out of business in a Facebook post on June 28. The owners opened the first gifts and home décor store in 1992 and currently operate six locations in Arkansas, Kentucky, Missouri, and Tennessee. Now that each location will shutter, the stores are undergoing liquidation sales full of items available for 25 to 50 percent off. The chain also adjusted its store hours, opening Monday through Saturday from 10:00 am to 6:00 pm and closing on Sundays. A member of the Wallace family explained more details in a video to saddened customers, and confirmed the stores will be closed once there's nothing left to sell. All sales are final, and the stores will only be accepting cash or card payment methods. Although the stores will be shuttering, new merchandise will be arriving in stores this week, including seasonal items. The Wallace family revealed the stores will close as soon as all products are sold Trees n Trends is famous for offering various product categories such as furniture, home décor, accessories, and women's clothing. The business had been operating under the name Silk Tree Factory before the Wallace family opted to change the business name. During the early years, Trees n Trends' product line mainly consisted of bushes, stems, greenery, wreaths, and trees manufactured by drilling and potting. Since the closure news leaked, social media users have been sharing their memories of visiting or working at one of its locations. 'So sad, I have shopped there since it opened its doors as Silk Tree Factory. You will be missed, no other store comes close to being as nice as this store!!,' a Facebook user wrote. 'I learned so so much from Joe and all the leaders. I hold a special place in my heart for this company,' a former employee responded. 'It's unfortunate that the store won't be carrying on for future generations but while the good run lasted, we were blessed to have a wholesome store family operated by Grace... Sad to see it go,' another person commented. It's unclear what the family plans to do next, but they praised its loyal customers, workers and the 'hand of God' for helping them be successful for three decades. All sales are final and can only be purchased with cash or card Trees n Trends is one of the rare retailers to always be a family-owned business before store closures. Joann started as a family-owned chain before it became public and acquired by Leonard Green & Partners. The later went from a craft empire, to a chain that fell from grace, closing all its locations after its second bankruptcy filing in two years. Badcock Home Furniture & More was a family-owned chain founded in 1904 before it was acquired by Franchise Group Inc. in 2021. By July 2024, the company filed for bankruptcy with over $1 billion in debt, and shuttered its remaining 380 stores soon afterward. Some stores have opted to perform mass closures and bankruptcy filings due to issues of adjusting to tariffs, including At Home, a HomeGoods rival that started shuttering stores before filing for bankruptcy protection in June.
Yahoo
01-07-2025
- Business
- Yahoo
Beloved Regional Furniture Chain Announces It's Closing All Stores
At first glance, furniture stores seem to be prepared for the continued rise of and reliance on technology in the retail industry. Furniture is subjective, as two people could end up with completely different opinions on the same item. That difference in opinion has kept the traditional showroom in business, as customers are able to get a good look at what they're potentially buying instead of hoping for the best through online shopping. The traditional model won't be enough to remain financially viable for one furniture chain, as they've announced that they will be closing all of their stores over the next few weeks and months. Trees n Trends will be closing all six of its current retail locations. The chain is based out of Paducah, Kentucky and also has stores in Henderson and Bowling Green. Other locations include Cape Girardeau, Missouri; Jackson, Tennessee and Jonesboro, Arkansas. "We, all of us, here at Trees n Trends love what we do. But the time has come for us to say goodbye," the chain announced on Facebook, revealing a liquidation sale with heavily discounted merchandise. "This is one of my very favorite stores! It always has such beautiful and unique items, so yes, I'm very sad over this news," said one dismayed commenter. "I hope you know how many people loved Trees n Trends and over the years, came to depend on shopping there, and miss your store's presence. There is nothing here locally that compares. It's a sad, sad day for your customers," said another patron. Each Trees n Trends location is around 30,000 square feet according to the company's website. The front third of that space is dedicated to "core categories,"depending on the time year that patrons visit the store. The Wallace Family, which has operated the store as its family business since 1992, thanked customers for their support over the years. "We have been greatly blessed to have been able to work so closely with our family," the Wallace family said in its statement. "A heartfelt Thank You to our customers, our employees, and our family all of whom have made our journey of the last 30 plus years possible!" Beloved Regional Furniture Chain Announces It's Closing All Stores first appeared on Men's Journal on Jun 30, 2025
Miami Herald
29-06-2025
- Business
- Miami Herald
Another retail furniture chain closing all stores, no bankruptcy
Quirky stores that sell more than one type of thing have largely gone away. Before the days of malls, shopping centers, and the Internet many towns had a retailer that just fit whatever needs the community had. Many of these were hardware stores that carried a lot more than traditional hardware. Some of them were closer to what we think of as department stores these days. Related: Bankrupt ice cream chain sold to popular beverage owners It wasn't all that long ago that you couldn't get anything you needed in 24 hours using your phone. Even just a few years ago the idea of buying furniture or clothing online seemed ridiculous. Who would buy a bed or a couch without first sitting on it? And, why would anyone buy clothes without the opportunity to try them on. Don't miss the move: Subscribe to TheStreet's free daily newsletter Those are actually pretty good questions, but some business in both furniture and fashion has moved online. That means that purchases which once went to brick-and-mortar stores, have gone online. Add in rising rents, higher labor costs, and the increasingprice of many goods, along with the uncertainty of President Donald Trump's tariffs, and you can see why some retailers are pulling the plug. Another regional chain, Trees n Trends, which serves multiple states, has made the decision to close it doors. "Trees n Trends - Home, Fashion & MORE! specializes in unique home decor and accessories, indoor furniture, outdoor furniture and accessories, floral designs, artificial trees and plants, seasonal and holiday decor, women's fashion, unique gifts and more," the company shared on its website., It's a sort of hodgepodge of a mix of items that grew from what the chain's customers need since the original location was launched in 1992. It has a deep history in the communities it serves. "We currently operate multiple retail store locations throughout six states in the southeast, as well as our online store. Our base of operations and flagship store is in Paducah, KY. Each store is about 30,000 square feet with the front third dedicated to one of its core categories, depending on the season," it added. More Retail: Walmart makes drastic change amid alarming customer trendLowe's makes one of its largest ever billion-dollar acquisitionsSubway owner makes major billion-dollar fast food acquisitionAmazon makes a harsh decision amid concerning customer trend Now, the Wallace family, which owns the chain, used its Facebook page to share its surprise decision to close down. "We, all of us, here at Trees n Trends love what we do. But the time has come for us to say goodbye. Over the coming weeks and months, we'll wind down our operations and close all 6 of our locations," it posted. "Updates regarding our closing sale will be available primarily here on our Facebook page, so we invite you to check back with us often." The company's post got hundreds of responses from loyal customers. Many begged them to change their minds. "Can't you just sell your chain to someone, and they can continue your business? Don't you have any grandkids that would love to do that?" asked Teresa Carter Campbell. Another poster pointed out that the closing was likely not by choice or due to the lack of a successor. "It's not closing because they don't want to do it anymore. Increasing costs have made it unsustainable," Cortney Beth LaValle wrote. Many were simply upset at the closing news. "This is one of my very favorite stores! It always has such beautiful and unique items, so yes I'm very sad over this news," wrote Heather Rae Parrish Morris. Related: Walmart exec sounds the alarm on concerning customer trend Linda Jewell Spearman summed up how many of the posters felt. "I have always loved this store. I hated to see the closing of the Franklin, TN store. I hope you know how many people loved Trees n Trends and over the years, came to depend on shopping there, and miss your stores presence. There is nothing here locally that compares. It's a sad, sad day for your customers," she posted. The Wallace family has not shared specific closing dates or plans for going-out-of-business sales. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
