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Owner Of Diamond Furniture To Retire

NEW JERSEY, USA: Gary Diamond, owner of Diamond furniture said that he will be retiring but wants to sell his store before so.

Diamond have been in talks with potential buyers, according to a report by Press of Atlantic City. The store is also holding a “retirement sale” to make the end of Diamond’s 44 years in the furniture business—and almost 90 years for his family.

“The goal is to sell the existing inventory …on a first-come, first-served basis,” Diamond said.

Diamond also said that he would try to sell the store to a different furniture retailer who would run the store with a different name.

“The early interest is outstanding,” said 66-year-old Diamond. Herman, Diamond’s father founded Diamond Furniture in Philadelphia’s Kensington neighborhood in 1927.

Gary Diamond opened the Egg Harbor Township branch in 1999 but moved his business to a 40,000-square-foot, free-standing location that was formerly Quality Furniture in 2002. Diamond has another store in Turnsville, Gloucester County, that he also hopes to sell but added that the family name will not disappear completely from the region.

“My Pennsylvania stores are owned by independent owner-operators and will be trading as Diamond Furniture Outlets,” said Diamond, who still owns the buildings where those stores are located.