Nobody expected this. Art Van, which has been experiencing financial difficulties for the past few years has announced it's going out of business. A liquidation sale begins on Friday.
After reports in Crain's Detroit Business that Art Van management was considering several options including bankruptcy, liquidation or a possible sale to its founding family, a spokesperson for Art Van issued a statement
Troubling news from Detroit; business news publication Crain's Detroit Business (paywall) is reporting Art Van management is considering several options regarding its operating future. Among the options are bankruptcy, liquidation, and a sale back to its founding family, the Van Elslanders.
4th of July is next week and if your flag looks like it has seen better days, Art Van is giving the public a chance to get a new one. The furniture chain has extended their flag exchange program.