Report: Fortunoff may file for bankru...

Report: Fortunoff may file for bankruptcy

There are 36 comments on the Newsday story from Jan 30, 2008, titled Report: Fortunoff may file for bankruptcy. In it, Newsday reports that:

Fortunoff yesterday said its stores are open for "business as usual," despite a report that the Uniondale-based company is considering Chapter 11 bankruptcy and observations from retail experts that its stores ...

Join the discussion below, or Read more at Newsday.

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Beware

Bayonne, NJ

#1 Jan 30, 2008
Just another great Family company distroyed buy private investment firms.
Save Fortunoff

Brooklyn, NY

#2 Jan 30, 2008
I am so disappointed, I hope Fortunoff's can be saved. It used to be a wonderful store- fabulous jewelry and a great place to buy wedding & special occasion gifts.
Not Impressed

Milford, CT

#3 Jan 30, 2008
I would hate to see Fortunoffs go under. My grandparents knew Max and Clara, sold them their housewares way back when, even went to their daughters wedding, and always spoke so very highly of them. It would be a terrible end to an era.
QuestionMan32323 23233

Monsey, NY

#4 Jan 30, 2008
ROCKY POINT KID

Glen Oaks, NY

#5 Jan 30, 2008
Sell your house today before it's too late!!!!'
homes all over long island will be 150-350
get out now
bozos

Fishkill, NY

#6 Jan 30, 2008
ROCKY POINT KID wrote:
Sell your house today before it's too late!!!!'
homes all over long island will be 150-350
get out now
And don't forget your real estate taxes will be more than you'll earn in a year.
Just a thought

Brooklyn, NY

#7 Jan 30, 2008
Did they ever hear the saying "if it ain't broke, don't fix it?
TEN TON JEN

New York, NY

#8 Jan 30, 2008
ROCKY POINT KID wrote:
Sell your house today before it's too late!!!!'
homes all over long island will be 150-350
get out now
Sell it and then go where?
Yankee Fan

Albertson, NY

#9 Jan 30, 2008
TEN TON JEN wrote:
<quoted text>
Sell it and then go where?
I hear swamp huts in Louisiana are still affordable.
Dick Bloch

Pompano Beach, FL

#10 Jan 31, 2008
It is either them or me.
Larry

Switzerland

#11 Jan 31, 2008
This is what happens when the pigs are allowed to loiter at the trough.

America is finished... stick a fork in it, it's done.

"Wasteland of the not-so-free consumers, not citizens."
new yorker

Brooklyn, NY

#12 Jan 31, 2008
Not Impressed wrote:
I would hate to see Fortunoffs go under. My grandparents knew Max and Clara, sold them their housewares way back when, even went to their daughters wedding, and always spoke so very highly of them. It would be a terrible end to an era.
i love Fortunoffs and have always enjoyed my shopping experience there..The selection and quality of merchandise though is not the same since they sold it.... I was astonished to find inexpensive crystal and glassware in their high end crystal department...they have always had a large selection of both. In many areas of the store the product is not the same...Even the employees are not all the same caliber that graced the Fortunoff name.... They never should have sold....
Newsjunk

Englewood, CO

#13 Jan 31, 2008
Cheap outdoor furniture too this past spring/summer.

I am not rich by far but it took me time to learn that if you buy quality merchandise that it will last a lot longer than cheap garbage and Fortunoffs delivered that quality product.

Their staff is also very knowledgable.
PR_Flack_In_Trai ning

United States

#14 Jan 31, 2008
new yorker wrote:
<quoted text> In many areas of the store the product is not the same...Even the employees are not all the same caliber that graced the Fortunoff name.... They never should have sold....
It's very tricky to expand from a quirky type store to something that generates revenues that "investors" require"
Look at:
Hermans Sporting Goods
Noodle Kidoodle

I am not big on shopping but I am sure that readers can come up with dozens of examples. Unfortunately, brands with "character" (and experienced employess) do not scale well, if at all.
fortunoff

Jackson, NJ

#15 Jan 31, 2008
heres a report:

stop selling pointless crap that people dont want to buy anymore
long island

Fair Lawn, NJ

#17 Feb 1, 2008
I work at Fortunoff, and at least 50% of the staff have been there forever, they take great pride in the store. The economy is horrible, and when the family sold, it all went south. It has been managed poorly and the new buyers that came on when they sold leave a lot to be desired as well. I hope somehow it survives and flourishes once again ........
hard worker

Rochester, MI

#18 Feb 1, 2008
long island wrote:
I work at Fortunoff, and at least 50% of the staff have been there forever, they take great pride in the store. The economy is horrible, and when the family sold, it all went south. It has been managed poorly and the new buyers that came on when they sold leave a lot to be desired as well. I hope somehow it survives and flourishes once again ........
I also work with Fortunoff and I totally agree, the buyers are horrible and are totally not in touch with what the consumers wants. The managment did not change with the new "investor" owner and he really needed to clean house with some of those old fossils that work behind the scenes. They are the cause of this unfortunate brink of disaster and loss of profit. That is the area that needs to be looked at, are you listening big wigs at Fortunoff, don't close your store GET RID OF YOUR ADVERTISING DEPT and GET NEW HEAD BUYERS, BUYERS and maybe then maybe your store has a chance.
orlando

Lima, Peru

#19 Feb 2, 2008
LLieberman WPBeach

Ridgewood, NJ

#21 Feb 3, 2008
I have shopped at Fortunoff for YEARS and now that I live in Florida half of the year..when I am to NY I still continue to do so..although since the new investors came in I have seen many NEW EMPLOYEES and the older familiar faces GONE..the service is now very POOR and the new help all look like Macy's employees(they also seem to be getting YOUNGER)....they have no class and professionalism is out the door!! What happened to the nicely dressed CLASSY employees?? Are they hiring these classless and tacky tasteless employees for LESS??? I want the OLD Fortunoff back..GREAT Customer Service..Great Selection...and an overall friendly environment with mature knowledgeable staff!! Step up..this was supposed to be a HIGH END environment not Burlington Coat Factory! Hopefully the new buyers see that!!
nyer

Hempstead, NY

#22 Feb 3, 2008
LLieberman WPBeach wrote:
(they also seem to be getting YOUNGER)
No, your just getting older.

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