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Levitz Furniture Opens New Headquarters in Downtown Manhattan

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Levitz Furniture, a leading specialty retailer of furniture, bedding and home furnishings, officially opened its new corporate headquarters today in the historic Woolworth Building in downtown Manhattan. The move comes one year after new ownership took over management of the company, implementing an aggressive plan to revitalize one of America’s great retail brands. The Company, which formerly had its corporate office in Woodbury, NY, now occupies the entire 23rd floor (approximately 30,000 square feet) of the Woolworth Building, located at 233 Broadway between Barclay Street and Park Place in downtown Manhattan. The Company maintains a small corporate presence in Woodbury. “It is somewhat symbolic that we are moving into our new headquarters one year to the date that we began work to energize our company and breathe new life into the Levitz Furniture brand,” said Tom Baumlin, CEO of Levitz Furniture. “We’ve made tremendous progress this year, opening new stores and renovating others to improve the Levitz shopping experience, establishing one of the most experienced and talented management teams in our industry, and attracting exceptional new people in all areas of our business. I thank all of our Associates, whose collective efforts contributed to a wonderful year of accomplishments. “It is also not lost on us that as we begin work in our new corporate home — one of America’s most beautiful landmark buildings — we are in many ways moving back to some of the roots of retailing, as the Woolworth company was a pioneer and it continues to influence the best global retailing brands. We are also proud to be part of the ongoing revitalization efforts in downtown Manhattan and know we will prosper along with our new neighbors for many years to come.” Built in 1913, the Woolworth Building is one of the 20 tallest buildings in New York City, and was the world’s tallest building until 1930 when it was surpassed by 40 Wall Street. The building, which totals 54 stories and more than 855,000 square feet, was commissioned by Woolworth’s founder Frank Woolworth as the retailer’s new corporate headquarters. About Levitz Furniture Levitz Furniture is a leading specialty retailer of furniture, bedding and home furnishings in the United States with 80 locations in major metropolitan areas, principally in the Northeast and on the West Coast of the United States as well as its presence on e-commerce sites, www.levitz.com and www.furniture.com. Additional information about the Company and its products is available at www.levitz.com.

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