Z Gallerie, a Southern-based home furnishing retailing company, that has a major storefront on Mt. Diablo Boulevard, has filed for Chapter 11 bankruptcy.
According to the San Francisco Business Times, the Gardena-based retailer, which filed Friday in U.S. Bankruptcy Court for the Central District of California, will keep open stores that are still operating.
"Stores will stay open without interruption," the Times said. "The retailer is seeking court permission to pay pre-filing wages and benefits, honor existing customer programs and deposits and maintain its cash management system."
Z Gallerie has closed 21 stores, mostly in March, and has not announced any new store closing. The stores that were closed "were either poor performers or in markets that the retailer wanted to pull out of."
Besides the store in Walnut Creek, Z Gallerie also has a store on Berkeley's Fouth Street and San Francisco's Union Street.
It has local stores in Berkeley on Fourth Street, in San Francisco on Union Street, in Walnut Creek on Mt. Diablo Boulevard, in Corte Madera, Sacramento, San Jose and Roseville.