Old and local stores, September edition

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The economic downturn is hitting local stores especially hard. Saddest among those affected are the decades-old establishments suddenly facing bankruptcy or liquidation. Recent news affects numerous local stores with long histories:
  • In Ogdensburg, N.Y., 99-year-old Hulett & Sons Jewelers is closing up shop. The jeweler, which is part of the larger Hacketts store, is selling its inventory to help Hacketts stay afloat. Hulett & Sons first opened in town in 1910.
  • Alma, Michigan's Miller's men's shop is folding after 47 years in business. Owner Duane Stacey blames clothing trends and shifting shopping habits as driving forces of the closure.
  • And legendary Memphis music store Pop Tunes closed both locations this month. Pop Tunes dates to 1946 and was not shy to discuss its demise, noting the "rampant illegal downloading ... low margins, big box retailers" and other factors as factors in the closings.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

About this Entry

This page contains a single entry by David Wertheimer published on September 14, 2009 5:45 PM.

New York restaurant bankruptcies was the previous entry in this blog.

Update: Finlay closing specialty stores is the next entry in this blog.

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