Haynes Furniture and The Dump to Close Permanently, Marking the End of a 128-Year Family Legacy

Going-out-of-business sales begin at 10 a.m. Thursday, October 8, 2026, with assistance from SB360 Capital Partners

VIRGINIA BEACH, Va., Oct. 8, 2026 /PRNewswire/ -- Haynes Furniture and The Dump will close permanently, bringing a 128-year family retail legacy to a close. Going-out-of-business sales begin at 10 a.m. Thursday, October 8, 2026. SB360 Capital Partners, one of the country's leading asset disposition and advisory firms, will assist Haynes Furniture and The Dump in conducting the sales.

"This is a bittersweet ending, filled with gratitude for four generations of customers and employees," said E.J. Strelitz, Executive Chairman of the family-owned and operated stores. "Thank you to everyone who helped us along the way."

For Strelitz, the farewell is deeply personal. "I've been fortunate to work every day alongside a close-knit family of associates in our Haynes showrooms, The Dump Luxe Furniture Outlets, our Williamsburg distribution center, and our flagship store and headquarters on Virginia Beach Boulevard," he said. "Now, I look forward to a new chapter with more time to give back to the communities my forebears loved and appreciated so deeply."

Strelitz also emphasized the company's appreciation for its employees. "We are committed to standing by our associates, whether they are joining me in a well-deserved retirement or going on to bigger and better opportunities," he said.

The Haynes story began on Grace Street in Richmond and Main Street in Norfolk. Through generations of family leadership and the tireless work of dedicated employees, the business built its reputation on value, service, and strong community ties.

Mr. Strelitz's grandparents Ellis and Minnie helped make Haynes "good people to deal with." The next generation — Leonard and Buddy Strelitz with Tom Hofheimer — carried that promise forward through purchasing strength, operating excellence, and a simple principle: treat employees and customers the way you would want to be treated yourself.

"They always believed in giving customers more value for their money and generously sharing their success with the community," said Strelitz. "That philosophy has guided us ever since."

Strelitz, his brother-in-law David Brand, and a team of even more talent later created The Dump Luxe Furniture Outlet, bringing the off-price retail model to furniture through famous-brand closeouts, overstocks, and exceptional deals.

"Along the way, and into the future, we hope to continue contributing to Virginia," said Strelitz. "It's not just business; it's personal. We wish our furniture makers, our competitors and the entire home furnishings industry every success in the years ahead."

"Of course, when people think of Haynes and The Dump, they think of A SALE! So, Virginia, we're making our last sale ever, one you'll never forget," said Strelitz. "The going-out-of-business sale will feature an extensive assortment of brand-name furniture, mattresses, and rugs, with substantial savings and further markdowns throughout the liquidation. It's our final thank-you for generations of loyalty and support"

"Yes, Virginia, we are going out of business and closing forever," he added. "And yes, it's our biggest sale ever!"

"Generations of Virginians have trusted Haynes for quality and value, and The Dump Luxe Furniture Outlets made luxury brands accessible at outlet prices," said Aaron Miller, President of SB360 Capital Partners. "This sale brings the best of both together one last time. Customers will find everything from national bestsellers to one-of-a-kind luxury pieces across Haynes and The Dump stores in Virginia, all at significant savings. It's a rare chance to furnish a home with brands Virginians have trusted for generations, at a fraction of what they'd normally pay."

______________________________

About Haynes Furniture – For 128 years, Haynes Furniture has helped generations of Virginia families furnish their homes. Haynes is Virginia's #1 store for furniture, mattresses, rugs, carpet, and flooring. Family-owned and operated for four generations, the company has built its legacy on one guiding principle: "Always more value for your money." Haynes' history reflects a longstanding connection to Virginia and a deep appreciation for the customers, employees, and communities who have been part of its story. www.haynesfurniture.com.

About The Dump Luxe Furniture Outlet – The Dump is an off-price outlet specializing in brand new, first-quality furniture, mattresses, and fine handmade rugs. Built for people who would rather shop smart than pay full price, the company sources luxury closeouts, overstocks, canceled orders, and one-of-a-kind design samples from leading manufacturers and designers. Its low-overhead approach passes savings directly to customers, with documented discounts of 40% to 80% off established retail prices. For more than 21 years, The Dump has served millions of shoppers, interior designers, and decorators. The philosophy is simple: customers should pay for great furniture, not the retail runaround. www.thedump.com.

About SB360 Capital Partners – SB360 Capital Partners (sb360.com) is one of North America's leading firms providing advisory, asset realization, and restructuring services across retail and consumer industries. SB360 invests equity capital to support growth opportunities, fund business turnarounds, and provide liquidity to businesses navigating change. The firm encompasses business groups involved in advisory services, asset disposition, luxury diamond and jewelry assets, new store sets, and commercial real estate advisory and investment. SB360's lending arm, Second Avenue Capital Partners, provides asset-based loans for middle-market companies. SB360's principals hold extensive financial interests in internationally recognized retail and wholesale companies, consumer brands, financial service operations, and commercial, residential and industrial real estate properties.

SOURCE SB360 Capital Partners LLC