The Joseph Cory Holdings Emerges From Chapter 11 With Healthy Double Digit Sales Increases

Furniture World Magazine

Joseph Cory Holdings, LLC, founded in 1934, recently announced their emergence from Chapter 11. As evidenced by their significant growth in the last several years, they emerge as a stronger entity in the retail furniture warehousing/delivery business, handling over $500,000,000 worth of furniture, and consummating some 400,000 deliveries, each year. The Joseph Cory customer base includes some of the finest and most successful home furnishings retailers in the industry, including ABC Home Furnishings, Baker, Knapp & Tubbs, Bed, Bath & Beyond, Bloomingdales, Burdines, Crate & Barrel, Domain, Drexel Heritage, Ethan Allen, La-Z-Boy, Levitz, Macy's, Natuzzi, Restoration Hardware, and Rooms-To-Go. The equity partnership with Capitol Trust and Starebare Associates, along with the infusion of additional capital and healthy double digit annual increases in revenues since 1995, has stimulated the Cory Companies' re-engineering of the furniture operations business by way of advanced computer technology. This state-of-the-art, integrated warehouse and delivery system features the latest in bar-coding and EDI capabilities, and provides retailers with an unmatched level of accurate, timely information, as well as unparalleled flexibility in the movement, handling, quality-control, and tracking of their product. Joseph Cory, CEO, stated, "Everything we do is a reflection of the retailers that we work for . . . and they are among the very best in our industry. We are the last step in the fulfillment of a retailer's commitment to their customer's satisfaction." James Cory, COO, added, "Our reorganization, our additional financial strength, and the technological advancements being built into our systems, are all dedicated to that goal. These elements will serve to carry us into the next century. However, our most important resource is the dedication of our people, from top to bottom. It is that dedication which separates Cory from our competition." The Joseph Cory Companies operate from Maine to Florida, operate almost 2,000,000 square feet of warehouse space, and dispatch over 100 delivery trucks each day. They are headquartered in Jersey City, NJ. For more informaiton e-mail: joscory@aol.com