Modernage furniture stores to close

Full story: South Florida Sun-Sentinel

It's curtains for Modernage Furniture. The venerable retailer is closing its seven Florida stores, which have been outfitting South Florida homes and condos since the 1940s.
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josef

United States

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#3
Apr 14, 2007
 
never went there- reminded me of the golden girls.
Jennifer

Arlington Heights, IL

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#4
Apr 14, 2007
 
A shame.
Doug

Fort Lauderdale, FL

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#5
Apr 14, 2007
 
Read that second to last paragraph...another example of how our entire economy is impacted by what happens in the real estate market. They have 200 employees, soon to be out of a job.

Just because you may not be buying or selling a home directly doesn't mean you're not effected by what happens in real estate.

When renters say that homeowners paying high taxes shouldn't get a break...think of this story.

When residents think the increases can be dumped on the snowbirds...think of this story.

When people decide not to hire a contractor to remodel their home...think of this story.

Finding ways to stimulate the real estate market is a GOOD thing, and not just for real estate agents.

It's good for all of us.
RIP OFF REPORT

United States

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#6
Apr 14, 2007
 
I went to the sale. The same set I looked at the middle of last year for $3000 was marked up to almost $6000 with it marked down to over $3000. I was immediately inscensed. I said something to the salemans who approached me and he gave me the deer in the headlights look and said well then what would you pay for it? I said this sale is a rip off and I would not negotiate to pay any price as I was already insulted by the blatant fraud.

This was the one in Pembroke Pines.

I went to the one in Ft Laud earlier that day and they were not in the business of insulting their customers by marking their product up 50% to mark it down 50-70%. Although I did not think it was much of a sale. The only reason I went to the one in Pembroke Pines is it is close to my house and I wanted my husband to go with me to see anything before I bought it.

The prices at the one in Pembroke Pines were a disgraceful insult to any smart or informed shopper.
Just goes to show

United States

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#7
Apr 14, 2007
 
Every who was out spending the equity in their homes made it possible for all these salespeople to refi too because they were making so much commissions. Now that everyone has run out of money (equity) the fools and obviously Modernage chose to expand instead of conserve for the end of the RE boom they are now in trouble.

Stupid people. Stupid executives.
Yep

United States

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#8
Apr 14, 2007
 
RIP OFF REPORT wrote:
I went to the sale. The same set I looked at the middle of last year for $3000 was marked up to almost $6000 with it marked down to over $3000. I was immediately inscensed. I said something to the salemans who approached me and he gave me the deer in the headlights look and said well then what would you pay for it? I said this sale is a rip off and I would not negotiate to pay any price as I was already insulted by the blatant fraud.
This was the one in Pembroke Pines.
I went to the one in Ft Laud earlier that day and they were not in the business of insulting their customers by marking their product up 50% to mark it down 50-70%. Although I did not think it was much of a sale. The only reason I went to the one in Pembroke Pines is it is close to my house and I wanted my husband to go with me to see anything before I bought it.
The prices at the one in Pembroke Pines were a disgraceful insult to any smart or informed shopper.
You are right. I walked in and walked right out. I thought who are they trying to fool. They are crazy. So I went down to El Dorado.
Better yet

Fort Lauderdale, FL

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#9
Apr 14, 2007
 
Peruse the for sale items in the local papers and get what you want for 1/3 the price.
whn

United States

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#10
Apr 14, 2007
 
I find it very interesting that the SunSentinel filters out any positive comments.
If this gets through and my other post doesn't they are trying to manipulate comment and reaction.
To the moderator (censor)reading this and deciding what gets posted and what doesn't remember as far as we know this is still a free country.
IDONTTHINKSO

United States

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#11
Apr 14, 2007
 
whn wrote:
I find it very interesting that the SunSentinel filters out any positive comments.
If this gets through and my other post doesn't they are trying to manipulate comment and reaction.
To the moderator (censor)reading this and deciding what gets posted and what doesn't remember as far as we know this is still a free country.
This is not still a free country. It was taken from us while we were sleeping.
Juanita de Talmas

Arlington, VA

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#12
Apr 14, 2007
 
Just goes to show wrote:
Stupid executives.
Too bad the workers have to pay for the executives stupidity.
Jim

United States

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#13
Apr 14, 2007
 
I bought some furniture from modernage in pembroke pines about one year ago. I had so many problems that I suspected they would not be in business for long. The saleswoman was very nice to me but the rest of their operation was in bad shape. After all that the stuff came damaged and I did not want them to fix it but I kept it.
ex-ex

Hollywood, FL

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#14
Apr 14, 2007
 
Modernage became redundant about 15 years ago. They couldnt compete with Rooms to Go or any of the other new furniture chains that opened up. I have bought a lot of stuff at RTG and their service is unbeatable. They will not leave you alone if you have a problem and will do anything to make the customer happy. For example a neighbor of mine did her whole home from RTG and 6 months later decided she wasnt happy with her purchase. They took it all back and gave her FULL credit for whatever she bought.
NO DEAL

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#15
Apr 14, 2007
 
Yep wrote:
<quoted text>
You are right. I walked in and walked right out. I thought who are they trying to fool. They are crazy. So I went down to El Dorado.
That's funny. I walked into El Dorado thinking I was at Moderage and quickly scurried down to Modernage which is just down the street. When I saw the prices at Modernage I just got disgusted and left. There were no deals there, just marked down prices for marked up items. Was too tired to go back down to El Dorado. And the excitement of possibly getting a bargain was quickly deflated.

I felt insulted. Too bad Modernage has to go out this way but that sale is a joke. They must think shoppers are stupid.

concerned american

United States

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#16
Apr 14, 2007
 
DRS wrote:
Only a sign of things to Come,Florida is a DUMP
I guess where you live is a better paradise. People talk and babble about things they have no clue about. Florida is and always will be better than most states. I've traveled all over the US and I've been to many cities in Europe. Florida is Fabulous! Some people blame anything and everything on their miserable lives that they made themselves. Some people wouldn't be happy no matter where they are. Like you for instance.
Just because the Modernage chain doesn't offer the style of furniture people are interested in buying, you blame the whole state of Florida? Other stores are too much competition for them. So, they close. Better furniture stores are taking their place. Try smiling once in awhile. Laughing out loud is healthy too. You'll like it...Really it isn't that serious.
Otis

Lake Worth, FL

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#17
Apr 14, 2007
 
Doug wrote:
Finding ways to stimulate the real estate market is a GOOD thing, and not just for real estate agents.
It's good for all of us.
Doug, look at this chart and tell me exactly how we can stimulate the real estate market and how long will it last for. Real estate is done for at least the next 10 years. So everyone better just get ready for a real nasty ride. It and all related businesses are going to suffer big.
http://www.speculativebubble.com/images/homev...

KcK

Since: Feb 07

Plantation

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#18
Apr 14, 2007
 
I realize people can manage to put a bad economy/real estate spin on just about anything but.... when you have companies like City Furniture and Rooms To Go offering no interest on charges for a year and longer, that's tough competition.

“The Voice of Reason”

Since: Mar 07

www.legconsol.com

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#19
Apr 14, 2007
 
Otis wrote:
<quoted text>
Doug, look at this chart and tell me exactly how we can stimulate the real estate market and how long will it last for. Real estate is done for at least the next 10 years. So everyone better just get ready for a real nasty ride. It and all related businesses are going to suffer big.
http://www.speculativebubble.com/images/homev...
Fact is he's right. Even though prices are out of control, it is only one factor of the matrix.

Insurance premiums increasing exponentially coupled with paralyzing tax bills on new purchases have all but frozen today's market. It is a shame when an individual faces paying more for insurance and taxes than they will in principle and interest.

Stimulation will only come with some sort of real relief. My idea for the insurance situation, remove the requirement to carry insurance on any mortgaged property. Presently, the most damage done to a structure from a hurricane is loss/damage of the roof. Saving over $4000 a year will enable a home owner to pay to replace their roof out of pocket every 5 years or less.

It won't happen, but eventually we as consumers have to figure a way to pit big business (banks) against big business (insurance companies). They've been in bed together too long. Presently protecting insurance profits is causing banks to lose money. It's only a matter of time before they have to go head to head.
god

United States

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#22
Apr 14, 2007
 
housing POP !!
HOMER SIMPSON

Fort Lauderdale, FL

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#23
Apr 14, 2007
 
From what I saw , the outside of their buildings looked kind of dumpy....image is very important in this competitive world.
Capitaliism

United States

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#24
Apr 14, 2007
 
...just the beginning of consumer home goods store closings....

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