PITTSBURGH (KDKA) – In a surprise transaction this week, Levin Furniture is acquiring three Loves Furniture stores in the Pittsburgh area and two other unopened stores in Altoona and State College.
It’s part of Robert Levin’s plan to bring back to life the furniture and mattress businesses he sold when he retired in 2017.
When Levin retired, he sold his family businesses to a bankrupt company. Instead of seeing his stores close and former employees unemployed, Levin stepped in last March to buy them back. But he hasn’t been able to get all of his local deals back until now.
“We were only able to get back four of our seven furniture stores in Pittsburgh,” Levin told KDKA money editor Jon Delano on Tuesday.
“With this deal, which we just closed, we will bring all of our original Levin furniture businesses back into the family. So it’s very exciting. “
Loves Furniture is leaving that state and Levin is taking on three Loves stores in Peters, North Fayette at Point and Mt. Pleasant, a store of special significance.
“When my grandfather ran his thrift store right on Main Street in the small town of Mt. Pleasant, Westmoreland County, it was a hundred years ago this year. It all started here. “
Levin also gets two unopened Loves stores in Altoona and State College.
In all stores he will exchange the Loves furniture for his own, which means one thing for customers.
“So we have to have a sale – a sale!”
While COVID has shaped the turnaround in goods, Levin said, “The business in the home furnishings category has never been better.”
With so many people stuck at home during the pandemic, Levin says, “Discretionary income is being used to make life at home more comfortable and convenient. So we’re seeing enormous sales of furniture and mattresses in the living room. “
Regarding jobs at these five stores, Levin wants to first put former employees on hold and then take on as many Loves employees as possible.
These five stores were slated to reopen as Levin Furniture sometime in February.