Cleveland area’s B&B Appliance going out of business
EUCLID, Ohio– One of the area’s oldest appliance stores is going out of business.
B&B Appliance announced on Tuesday it will be closings its stores in Euclid and Middleburg Heights after 93 years.
“It was a tough decision,” said Jeff Blumenthal, President of B&B Appliance, in a news release on Tuesday. “The bottom line is that we are no longer profitable.”
B&B Appliance has 33 employees and many have been with the company for more than 30 years, the store said.
The clearance sale will start immediately and is expected to take a couple months.
According to B&B Appliance, the stores will honor commitments to customers who have paid or paid deposits on items that have not been delivered.
B&B Appliance is a third-generation, locally-owned business. Max and Irvin Blumenthal founded the store in 1924 as an auto supply company. They switched to selling appliances during World War II.
A fire destroyed the Euclid store in 1994 and a new building was opened at the same site in 1996.