A man wanders through the Levitz Furniture store in Torrance in search of a potted plant. Or maybe a clock. He’s not sure. The man, who did not give his name, was looking for enough items to make up for the value of an order the furniture store did not honor because it’s going out of business. The closings will end a tradition that began in 1910 when Richard Levitz opened the first Levitz Furniture store in Lebanon, Pa. A manager at the Torrance store declined to comment. A Levitz corporate spokesman could not be reached. But in a statement, Michael Keefe, president of Hilco Merchant Resources, said: “This is an outstanding opportunity for every homeowner and apartment renter to realize unprecedented savings on a remarkable selection of brand names in furniture and accessories. This is sure to be a very popular sale and it should not last very long.” At the Torrance Levitz, located at the Torrance Promenade shopping center, Misty Vaquer was drawn to the store by signs advertising price cuts of 20 to 50 percent. “I can’t believe they’re closing down after all these years,” said Vaquer, 41, of Manhattan Beach. “It’s kind of sad because they’ve been around for so long.” Rita Mirzaian, a saleswoman at the nearby Jewelry Mart, said she wasn’t worried that the store’s closure and the resulting loss of foot traffic would affect business for her. The store never seemed to have much business anyway, Mirzaian said. “We always wondered why it’s so quiet,” Mirzaian said. “Lately, when the (closing) signs went up, there’s more people.” The shopping center also includes a Kmart, Trader Joe’s, Kids R Us, Office Depot and numerous other retailers. Levitz has occupied the Torrance site since 2002, when it relocated from a smaller Redondo Beach building near the South Bay Galleria. That site now features a Target store. The current Levitz site had previously housed a HomeLife Furniture store, which went out of business in 2001. An official at Kimco Realty Corp., the Irvine firm that owns the Torrance Promenade, did not return calls seeking comment. Kimco Realty is also one of the Levitz liquidators. Even with Levitz’s steep markdowns and a willingness to use floor merchandise to compensate for unmet orders, some shoppers may not be satisfied. After choosing her couch as well as a recliner from among the floor models at the Torrance location, Smith decided she didn’t want anything else in the store. But those two items amounted to about $1,000, which was $500 less than what she had paid for her original order. Smith said that because she paid by credit card, her credit company would compensate her for the balance. firstname.lastname@example.org 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champ Lomita resident Dawn Smith had been in the same position recently with her original order of a leather couch and recliner never delivered by Levitz. “At first, I was livid. We had to go in there and take whatever was available on the floor,” said Smith, 37, who finally gained some comfort last week with the delivery of a different couch. Earlier this week, Levitz announced close-out sales at its 76 stores nationwide, including locations in Torrance and Hawthorne. In late November, a group of liquidators agreed to pay $48 million for the assets of the New York-based furniture chain. A few weeks earlier, Levitz had filed for Chapter 11 bankruptcy protection for the third time in less than a decade. More than $165 million in furniture and accessories will be liquidated, according to Hilco Merchant Resources, one of the six liquidators.
BRITISH aerospace equipment supplier Meggitt said its orders jumped 15 per cent in the first-quarter compared to last year, indicating good growth perspectives for 2011.The FTSE 250 firm reported its revenues were up 12 per cent, bolstered by a market recovery that was driven mainly by soaring civil aerospace orders.“Within the period we saw double digit revenue growth in all market segments. We expect to deliver good organic growth in 2011 and we are well positioned for the long term,” the company said in its interim management statement.The company, which earlier this year acquired a component business from US firm Danaher for $685m, said it had exceeded its cost savings target of £50m per year by the end of 2010 and had lifted its target to £57m by the end of 2011.Shares in Meggitt, which have fallen eight per cent in 2011, rose two per cent to close at 352p yesterday, valuing the firm at more than £2.6bn. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Wednesday 20 April 2011 7:46 pm Cost savings and sales lift Meggitt whatsapp Show Comments ▼ KCS-content whatsapp Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tags: NULL