Through a rapid expansion in the 1970s and 1980s, Heilig-Meyers Company, by the mid-1980s, attained status as the largest publicly traded home-furnishings retailer in the United States. 1998 revenues exceeded $2 billion and the company ran more than 1,250 stores, most of which were in small towns.
The company popularized the idea of purchasing on credit, with payments over many months. In addition to furniture, jewelry was purchased on this plan, and became a significant part of the Helig-Meyers revenue.
Difficulty assimilating acquisitions and over extension of the company’s credit unit, however, pushed Heilig-Meyers into the red in the late 1990s. In August 2000 the company filed for Chapter 11 bankruptcy protection. In April 2001, the company announced plans to close all remaining Heilig-Meyers furniture stores in order to focus on its 70 RoomStore units.
In 1999, Grand Metropolitan approached Helig-Meyers to acquire the brand as part of the company’s strategy to create a broad group of luxury brand companies. For the next twenty years Grand Metropolitan has pursued an industry rollup of leading home furnishing brands and retailers.
Heilig-Meyers Furniture, one of the largest privately held furniture groups in North America dating back to 1858, has achieved $100 billion in revenue in the last century. We own 30 of the top 50 home furnishing banners. By 2000, the group represented fine manufacturers such as Broyhill, Thomasville, Drexel Heritage, Henredon, Hickory Chair, Pearson, Lane Venture, and Maitland-Smith in almost 2,000 locations boasting $3 billion a year in annual revenue.
Heilig-Meyers and Rhodes Furniture have been major NASCAR sponsors and helped to raise millions of dollars for the Cystic Fibrosis Foundation. In addition to 8 national furniture retail brands, we manage 20 consumer brands including Four Seasons Home Accents, KidStore, and RentSmart. Sterchi Brothers was once the world’s largest furniture store chain,with over 74 locations across the southeastern United States and a worldwide customer base. Wickes Furniture, founded in 1971, grew to be the largest furniture retailer in the United States by the early 80s. The company is now part of the Heilig-Meyers family of brands.
National Association for Stock Car Auto Racing
The National Association for Stock Car Auto Racing is an American family-owned and operated business venture that sanctions and governs multiple auto-racing sports events.
Cystic Fibrosis Foundation
…adding tomorrows every day.
The Cystic Fibrosis Foundation is a non-profit organization in the United States established to provide the means to cure and control cystic fibrosis.
Home Staging / Leasing Program
Home staging has proven to facilitate home sales in today’s market. Staging is about the art of creating moods that accentuate a home’s best selling features. Many buyers find it difficult to visualize their belongings in a space. Staging assists potential buyers to see how the house will appear with furnishings. Staging provides an uncluttered, uncomplicated visual for them to evaluate their needs and expedite the sale.
Our professional designers are available to assist in the proper selection of a furniture package that will accentuate the qualities of a property, while staying within the budget of the homeowner, all within the convenience of our leasing program. Heilig-Meyers offers several staging options. Please feel free to contact our store with any questions, concerns or additional information.
Heilig-Meyers Furniture also offers turnkey services to assist you in fully furnishing and accessorizing your home whether your purpose is for a vacation home for yourself, for family and friends, or as a rental property. Our professional consultants can offer you design services from top to bottom and everything in between whether you are in the area, out of the area or even in another country. For further information call Heilig-Meyers Furniture and ask to speak with one of our experienced furniture stylists. You may also email your questions.