Why did Rhodes Furniture, Inc. file for bankruptcy?

They filed for Chapter 11 bankruptcy on November 4, 2004.

http://www.findarticles.com/p/articles/mi_hb3128/is_200411/ai_n13180887

I misread the question - twice!

Here is a 2005 comment on the "why":

"The Atlanta Journal-Constitution reported July 13 that Rhodes, which
filed for bankruptcy in November 2004, has suffered from inconsistent
leadership, a poor mix of products and the loss of talented employees.
Rhodes owes creditors $59.5 million, according to the report. Rhodes
was previously owned by Heilig-Meyers, a Richmond, Va.-based home
furnishings chain that bought the Homemakers stores in 1998.
Heilig-Meyers filed for bankruptcy five years ago and closed its
stores.

Homemakers tried to adapt 11 years ago by closing its upscale stores
and opening warehouse-like showrooms, parroting a concept of another
extinct Chicago retailer, Levitz Furniture Corp. But Homemakers, known
for its warbling theme song in television ads, found itself bombarded
by competitors ranging from discount stores such as Wal-Mart, Target
and Costco, to specialty stores Crate & Barrel, Ikea, Rooms to Go,
Walter E. Smithe and Ethan Allen."

http://householdwatch.com/wp/2005/08/15/rhodes-to-return-suffers-poor-leadership

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Here is another viewpoint:

"President and CEO Steve Fishman is leaving the bankrupt chain to
become the top executive at closeout retailer Big Lots. Rhodes named
its veteran chief financial officer, Joel Dugan, to replace him as CEO
and president. Dugan said Rhodes? first order of business is to
complete the filing of its Chapter 11 reorganization plan. ?Too many
customers were victimized by poor financing through Household
International and HSBC, thus Rhodes was in a bad position? said
consumer advocates at Household - HSBC Watch."

http://householdwatch.com/wp/2005/07/20/hsbc-troubled-merchant-rhodes-furniture

The "Household - HSBC Watch Consumer Advocates" site is a specialized
site; the Atlanta Journal-Constitution may be more focused on general
business issues while the HSBC site tends to have a particular
viewpoint towards HSBC.

I purchased a dinning room set from Rhodes Furniture.  I would like to
add two charirs to it.  Where can I find a match?  It was a honey pine
dinning set.

If you still have the original ticket I might be able to decifer the
vendor for you, otherwise it might be difficult.

I am also looking for an additional piece to add to furniture
purchased at Rhodes.  Can you decipher the vendor code JMD?  Thank
you.

I am also looking to add side chairs to my dining table purchased at
Rhodes.  The Vendor is DMW.  Could you please find out who this vendor
is so I may try to find more chairs?

I am looking for a nighstand to go with my bedroom set that was bought
from Rhodes Furniture.  The manufacture is FDI and the chest was item
number 5150-05.  Can you please help in finding somewhere I can locate
this piece to finish my set?!

I am looking for a bed I seen at a Rhodes store and now can't find it
anywhere.  It is called the Sovereign Queen Canopy. It is done in an
English manor-style.  I do not know the maker. I have a picture I can
send via email if anyone can help. Thanks

Hey folks posting since 6/10,
Google-Answers is not a blog, where if you post a comment, maybe
someone will help you.  If you want help, you will have to post your
own question though I don't want to give you much hope on this
subject.

Just a bit of friendly advice.  
Regards, Myoarin