Texas-primarily based furnishings retailer Louis Shanks is closing its doors right after practically 80 years in enterprise. The corporation announced on Tuesday that it will be shutting down its two remaining retailers positioned in San Antonio and Austin, following a liquidation sale. The sale is set to start on Thursday, according to a news release.
Louis Shanks Furnishings was founded by Louis Shanks in Austin and has been in the household for 4 generations. Shanks initially opened a shop with companion John Stanford in downtown Austin in the 1940s. Just after 5 years, their partnership ended, and Shanks then partnered with Henry Meyers to establish the Shanks-Meyers furnishings shop. In 1954, Shanks purchased out Meyers and opened the Louis Shanks Furnishings shop on Lamar Boulevard in Austin.
More than the years, the enterprise expanded, adding a second shop in Austin in 1974, followed by a San Antonio place in 1983. It later expanded to Houston and Sugarland. The corporation was also recognized by Furnishings Now as 1 of the Leading one hundred U.S. Furnishings Retailers, ranking at quantity 77 in 1996 and 69 in 1998.
The two remaining places for Louis Shanks Furnishings are the flagship shop in Austin at 2930 W. Anderson Lane and the sister shop in San Antonio at Interstate ten and Huebner. With each other, these retailers supply a total of 200,000 square feet of merchandise, which will be sold through the liquidation sale. As soon as the sale is completed and all merchandise and inventory are liquidated, the retailers will be permanently closed, as stated in the release.