Rhodes Furniture

Founded in 1875, furniture retailer Rhodes became one of the largest furniture retailers in the United States. By 1996, with its acquisition of several smaller chains in various parts of the country, it held fourth place among U.S. furniture stores. The company had gone through a lengthy period of uneven financial performance, however, and its primary stockholder had placed it up for sale. Founded in 1875, furniture retailer Rhodes Inc. became one of the largest furniture retailers in the United States. By 1996, with its acquisition of several smaller chains in various parts of the country, it held fourth place among U.S. furniture stores. The company had gone through a lengthy period of uneven financial performance, however, and its primary stockholder had placed it up for sale. Ultimately, Rhodes would become a subsidiary of the second largest chain of furniture retailers, Virginia-based Heilig-Meyers Company. Added to its $844 million in annual sales, the acquisition of Rhodes...