Texas-based furnishings retailer Louis Shanks is closing its doorways after nearly 80 years in enterprise. The corporate introduced on Tuesday that will probably be shutting down its two remaining shops positioned in San Antonio and Austin, following a liquidation sale. The sale is about to start on Thursday, in accordance with a information launch.
Louis Shanks Furnishings was based by Louis Shanks in Austin and has been within the household for 4 generations. Shanks initially opened a retailer with companion John Stanford in downtown Austin within the Forties. After 5 years, their partnership ended, and Shanks then partnered with Henry Meyers to ascertain the Shanks-Meyers furnishings retailer. In 1954, Shanks purchased out Meyers and opened the Louis Shanks Furnishings retailer on Lamar Boulevard in Austin.
Over time, the enterprise expanded, including a second retailer in Austin in 1974, adopted by a San Antonio location in 1983. It later expanded to Houston and Sugarland. The corporate was additionally acknowledged by Furnishings As we speak as one of many High 100 U.S. Furnishings Retailers, rating at quantity 77 in 1996 and 69 in 1998.
The 2 remaining areas for Louis Shanks Furnishings are the flagship retailer in Austin at 2930 W. Anderson Lane and the sister retailer in San Antonio at Interstate 10 and Huebner. Collectively, these shops supply a complete of 200,000 sq. ft of merchandise, which will probably be bought through the liquidation sale. As soon as the sale is accomplished and all merchandise and stock are liquidated, the shops will probably be completely closed, as acknowledged within the launch.