Lincolnton Furniture Company

Lincolnton Company, Praised By Obama For Bringing New Jobs, Closes

Jan 4, 2013
Charlotte Observer

Lincolnton Furniture Company closed abruptly Thursday just one year after it was hailed by President Barack Obama as an example of the recovering U.S. economy. 

 Furniture-making operations stopped indefinitely and only a few people will remain employed moving forward, company financial officer Ben Causey said. “I don’t know where it’s going to go exactly; we’re still evaluating our situation,” Causey said. “We just didn’t have any choice at this point.”

  The company was not receiving the orders it needed to sustain its operations, Causey said. 

The world's largest furniture market gets underway Saturday in High Point, NC. It's the industry's showpiece event where manufacturers show off and sell their products to retailers. This year's market will have an old-school component. There will be a large pavilion for furniture that's made in America. In fact, there are signs that changes in China could spur a furniture comeback in the U.S.