Lack's Stores, Inc. announced it plans to close 36 of its stores in Texas as part of a bankruptcy proceedings but managers with Valley Lacks stores said they are a separate company and it does not affect them.
The Rio Grande Valley-based furniture outlet reported receiving a flood of phone calls and e-mails.
Managers said the Lacks stores in the Valley and Laredo have an almost identical name to Lacks Stores, Inc. but is a separate company.
The Valley Lacks stores are a family-owned furniture coompany with ten stores in the Valley and Laredo.
As a result, the management team at Valley Lacks stores is stressing to customers and vendors its business is healthy and strong.
The company told Action 4 News that it has no business ties to Lack’s Stores, Inc. of Victoria, Texas.
“We’re celebrating 75 years in South Texas,” says Lacks Valley Stores’ CEO Lee Aaronson. “Thousands of families have shopped in our stores.”
Lacks Valley Stores (www.lacksvalley.com), ranks 65th in the top 100 retail furniture operations in the U.S. with over 700 employees, according to Furniture Today.
Its stores are located on the Texas border from Laredo to Port Isabel, including locations in Brownsville, Harlingen, Edinburg, Pharr, McAllen, Mission and Rio Grande City.
The 140,000-square-foot Lacks Furniture Galleria in McAllen is the largest furniture store in Texas.
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