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Kush
continues to expand his seven-store RTO chain, RK's Rent To
Own, with an eighth unit coming soon.
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Rod Kush |
Rod Kush's Furniture, a retailer that has competed
with Nebraska Furniture Mart for 18 years, is closing.
Owner Rod Kush, a former professional football player, will shut
the four-store business about July 1 after a retirement sale.
He "will still contribute to his rent-to-own, cash advance,
furniture on consignment and real estate investments," the
company said.
Kush said several furniture retailers and others have expressed
interest in buying the stores in Omaha, Freemont, Norfolk and
Lincoln, Neb. He said he hasn't decided yet what he'll do with
the property.
"The last 18 years have been good to me," Kush said. "However,
retiring from the retail furniture side of my business will
allow a little more privacy for my family and the ability to be
more involved with them and their interests."
Kush's, which also sells appliances, electronics and carpeting,
is believed to be Nebraska Furniture Mart's largest promotional
furniture competitor in the state. The stores did about $30
million a year, and about $27 million of that was in furniture,
Kush said.
Asked if NFM was the reason he decided to close, Kush said no.
The giant retailer owned by Berkshire Hathaway actually was
"pretty easy competition," he said, in part because it kept
other retailers out of the market and created a lot of spillover
business.
"They really were a huge asset for us all those years," he said.
Kush said he was just tired of being in the spotlight, and that
he's working on another project he wouldn't disclose.
He continues to expand his seven-store RTO chain, RK's Rent To
Own, with an eighth unit coming soon.
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