Lexington Furniture Company, a Lexington institution for 58 years, is planning to close its latest location on Blake James Drive and open somewhere else.
Hugh James, the president of Lexington Furniture, said he is not yet ready to announce the next location for the store.
“We’re closing the store, but we’re not going out of business,” James said. “I just turned 70, and I’ve been doing this for 43 years, and this is an opportunity to downsize my business life.”
Lexington Furniture’s building on Blake James, at the intersection of Man o’ War Boulevard and Palumbo Drive, has 30,000 square feet in its showroom and another 10,000 in its warehouse. While the company sells items off the showroom floor, many of Lexington Furniture’s customers order their furniture from the company.
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That makes the current setup too big, James said. Blake James Drive was named by Hugh James in honor of his son. Lexington Furniture moved to its current location there in 2000.
Lexington Furniture was first located at Spring and Vine Streets where Rupp Arena now sits, and later moved to 1117 Winchester Road, where Banks Floor Covering now does business.
The furniture store has sent out flyers announcing its store closing sale for “first notice and choice customers.” James said the store closing sale formally begins Aug. 30.