Some say that IQ was run badly, and closed because of that.
Some say it shut because of the competition from Thai Watsadu, HomePro, Global, and SCG HomeSolutions, plus Noppakao Homemart (which used to be SCG, next door to Global.)
Others say there was a different reason for the closure and sale to DoHome.
If it was the competition that brought about it's closure, why on earth would DoHome buy it and then enlarge it? DoHome is a national company, with a decent looking website (Thai language only though as far as I can see):
www.dohome.co.th/ offering home deliveries and a tracking service.
Maybe they feel they can see their competitors off!
When it opens, it will at least make an alternative venue for exercise!
Has anyone visited one of their other stores? The company has nine branches, four of which are in Greater Bangkok: Rangsit, Rama II Road, Bang Bua Thong and Bang Na. Five are in provinces, mainly in the North and Northeast, in Ubon Ratchathani, Nakhon Ratchasima, Khon Kaen, Udon Thani and Chiang Mai.
Last year, they announced plans to open 90 small branches which would be called DoHome To Go - old news article at:
www.bangkokpost.com/business/1718259/dohome-adding-90-small-branches-for-diy-buyers