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Bayonne, N.J.-Based Workbench Furniture to Sell Off All 29 Stores.

Knight Ridder/Tribune Business News

| September 30, 2003 | COPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Elizabeth Sanger, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News

Sep. 30--Workbench Furniture, which started in 1955 with a single store in Greenwich Village, is liquidating its 29 remaining locations.

The Bayonne, N.J.-based retailer, which sells what it calls "classic modern furniture," filed for Chapter 11 bankruptcy protection on June 23, intending to reorganize. But earlier this month it asked the bankruptcy court in New Jersey for approval to sell its assets and leases, explaining that its already poor financial situation was worsening.

By 2000, the privately held company had grown to 40 stores. After filing for ...

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