Daily News: June 11, 2012

RoomStore Wants to Sell Assets at Auction

The RoomStore Inc. announced its plans to sell off its assets, including the inventory at its 28 remaining stores, at an auction, The Associated Press reported.

The auction is slated to be held on June 25, the article said. Proceeds of the sale would be used to pay back creditors.

Previously on abfjournal.com:

RoomStore Seeks Court Approval to Sell Mattress Discounters Stake, Friday, June 01, 2012