This 128-Year-Old Furniture Business Is Closing Every Store

As major national store closures have shown, 2026 has been a tough year for retailers. And it's not just big national chains. After 128 years in business, it's the end of the road for Virginia-based Haynes Furniture. Run by the Strelitz family since 1898, the regional home furnishings retailer and its sister discount outlet chain, The Dump Luxe Furniture Outlet, announced on October 8, 2026, that all locations would close permanently, with going-out-of-business sales beginning immediately on $100 million worth of merchandise. According to the brands' location listings, the company operated four Haynes stores in Virginia and eight The Dump stores across Arizona, Illinois, Texas, Georgia, and Virginia when the closures were announced.

Ns of October 23, no final closing dates had been announced, but both brands' websites were advertising going-out-of-business sales. SB360 Capital Partners, which previously helped manage liquidation sales for Sears, Kmart, and Forever 21, is assisting in the going-out-of-business sales. Earlier in 2026, SB360 was also one of the partners overseeing the liquidation of Value City Furniture and American Signature Furniture stores, after their parent company filed for bankruptcy in November 2025.

Haynes is not publicly traded, and information regarding its financial performance is not readily available. However, foot-traffic data from analytics platform Placer.ai indicates that visits to Haynes Furniture locations declined by 17% between September 2024 and June 2025. Estimates from comparable platforms meanwhile pin Haynes' annual revenue anywhere between $121 million and $245 million. Those third-party platforms also estimate that Haynes employs just over 1,000 people across its operations.

In a press release announcing the liquidation, Haynes executive chairman E.J. Strelitz framed the closure as the end of a family business legacy, with retirement marking the next chapter for him and some employees. In a statement to Virginia television station News 3 WTKR, Strelitz also discussed plans to spend more time with family and focus on community projects. Regardless of the reasons behind the closures, the loss of Haynes and The Dump comes amid broader struggles in the furniture retail industry. A lot of popular chain stores both national and regional filed for bankruptcy in 2025, and the home furnishings corner of the market has been particularly affected.

Furniture Today reported that, in the first three months of 2026 alone, 17 retailers announced store closures. Like Haynes, many were family-owned brands that had been around for generations. In April, The New York Times likewise reported that furniture stores were struggling amid a stagnant housing market, as fewer home purchases and moves reduced demand for furnishings. And of course the industry already took a huge hit during the Covid-19 pandemic, which left home furnishing retailers closed for extended periods. The pandemic also accelerated online furniture shopping, with CSIL reporting that global online furniture sales experienced double-digit growth in 2020 and accounted for roughly 10% of worldwide furniture consumption that year. 

As some consumers lament the loss of discounted furniture stores like The Dump, however, others may be prioritizing quality over low pricing. For example, August 2026 Consumer Reports data ranked upscale retailer Room & Board as the best place to shop for furniture online.