Oreck Vacuums Files for Chapter 11

[The Straight Story]

Oreck Vacuums Files for Chapter 11


NASHVILLE (CN) - Vacuum cleaner-maker Oreck filed for Chapter 11 bankruptcy but plans to keep operating while it seeks a buyer.

Oreck and seven affiliates filed for bankruptcy declaring, in general, $10 million to $50 million in assets and liabilities.

Oreck laid off workers in October 2012 and again in January. It has about 600 employees remaining, including 250 in its manufacturing plant, 325 in retail stores and 70 at its corporate headquarters in Nashville, according to the Christian Science Monitor.

http://www.courthousenews.com/2013/05/09/57468.htm

[DJ13]

1. How can you lose money selling plastic vacuums?

[LeftInTX]

2. I love my Oreck!

That would be ashamed if they went out of business. I've got a really bad back and it is the one vac that works well for me.

[narnian60]

11. Love mine, too.

[Marie Marie]

3. Sad - they are made in America.

[DCKit]

7. But the prices... Jeebus.

I totally agree with you, but what does it serve us when they're more interested in making lots of money of a little work and expense, as opposed to making the same money from hiring a ton of people and providing products at prices that will keep them in business?

Greed.

[Renew Deal]

4. That sucks.

I wonder if competition from Dyson had an affect

[Journeyman]

5. One suspects, with a vacuum company in bankruptcy, business didn't suck enough. . .

[JesterCS]

9. DUzy award winner right there n/t

[upi402]

6. That's terrible

I've planned to buy one when ours finally breaks.

[KT2000]

8. too much competition

half the commercials on TV are for vacuum cleaners.

[Phentex]

18. Yep. They had good products but started cutting corners...

and their bag prices were expensive. I think companies like Dyson took a bite out of business and from what I've heard, other vacuums like Hoovers and such have improved to the point it was not worth it to pay the high price of an Oreck.

[madrchsod]

10. i love my oreck

lightweight and works as good as any other on the market. made in america but i guess the cheap crap from overseas is cheaper.

[Brickbat]

12. Oh no! I love our Oreck.

[Atman]

13. I was shocked when I first saw one...cheap crap.

They're flimsy plastic crap that sells for $500. It felt like a child's toy vacuum. Maybe it performs well, I wouldn't know, because I would never spend that much money on such a cheesy piece of crap.

[GoneOffShore]

14. Performs well for 6 months

then breaks.

[HughBeaumont]

15. Their Air Purifier is kind of snake-oily too.

I got one because my upstairs bedroom, being dark and me not being able to afford to drywall it, was dusty. Sorry, didn't really notice much of a difference and it's a giant $300 pain in the ass to clean.

[Lex]

16. Ah yes, Oreck vacuums is (or was) a huge Rush Limbaugh show advertiser.

Refused to pull their ads from his show as I recall--wasn't there a boycott of their products?

[srican69]

17. i hope they a big number in the payables line at time of the filing..most of it due towards clear ch

[Flying Squirrel]

19. Their vacuums really sucked.

And they were abhorred by Nature as well.......

(Double ba-dum-bum!)

Should I bring the DUzys back and just skip the other stuff?