[2] The company, despite its expansion into other markets, declared bankruptcy in 2008, and eventually went into liquidation for failure to find a buyer or an investor.
By the beginning of the 1980s, it had grown into the United States' largest furniture retailer,[3] but it closed nine of its then twenty four stores in 1982 in the wake of the bankruptcy of its corporate parent, Wickes Companies.
[9] In March 2004, John Disa was hired as president and CEO of Wickes Furniture by private investment firm Sun Capital Partners.
In mid to the end of 2007, however, the furniture industry was hit hard by the high cost of fuel prices and woes from the subprime mortgage crisis.
[13] However, neither of them came forward, so Wickes, with bankruptcy court approval, commenced its liquidation sales in March 2008, and closed all of its remaining stores.