Goldsteins to Close; Levin to Reopen Its Stores
YOUNGSTOWN, Ohio – Goldsteins Furniture & Bedding has elected to close its doors after 112 years in business, the company announced Friday. “It was time to make the tough decision,” Steve Goldstone, president and CEO of Goldsteins, said in a statement.
“We needed to expand but were landlocked by competitors in Cleveland, Erie and Pittsburgh. We also knew other furniture retailers were coming into the Youngstown market.”
Goldstone’s great-great grandfather, Myer Goldstein, founded the furniture store in 1906.
“After weighing all the options we determined we couldn’t weather the storm and have decided to cease operations,” Goldstone said.
Closeout sales will begin in the Boardman, Hermitage and Niles locations in June, and all three stores will be closed by September. Plans call for the three locations to reopen as Levin Furniture sometime in October.
Levin Furniture, based near Pittsburgh, is the largest furniture retailer in western Pennsylvania, according to its website. Terms of the transition were not disclosed.
All Goldstein’s employees are encouraged to apply for positions as they become available at Levin’s, the company said.
“My sincere appreciation goes out to our many associates, especially employees whose families have been with us for three and four generations,” Goldstone said. “Words can’t express the gratitude I have for them and the thousands of families who welcomed us into their homes through the years.”
Copyright 2018 The Business Journal, Youngstown, Ohio.
Published by The Business Journal, Youngstown, Ohio.
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